Brent oil price resumes its positive trading to attempt to move away from the intraday bullish channel’s support line, which supports the continuation of our bullish overview, which targets 60.75 level as a next station, noting that breaching this level will extend Brent oil price gains to reach 62.07.
Therefore, the positive scenario will remain active for the upcoming period conditioned by the price stability above 58.85.
The expected trading range for today is between 58.80 support and 61.50 resistance.
The expected trend for today: Bullish
Origin: Economies
