Brent oil price breached 55.45 level clearly and settled inside the bullish channel again, to start today with new bullish bias and confirms regaining the main bullish trend, on its way to achieve positive targets that start at 57.40 and extend to 60.00.
Therefore, we are waiting for more expected rise in the upcoming sessions, supported by the EMA50, noting that the continuation of the bullish wave conditions holding above 55.55.
The expected trading range for today is between 55.00 support and 58.00 resistance.
The expected trend for today: Bullish
Origin: Economies
