Brent oil price begins today with bearish bias to test the intraday support line that appears on the chart, noticing that stochastic gains the positive momentum gradually to reach the oversold areas, waiting to motivate the price to resume the main bullish trend, which its next target located at 68.75.
The EMA50 keeps supporting the expected bullish wave, noting that breaking 65.30 will put the price under additional negative pressure that targets testing 64.60 and might extend to 63.65 before any new attempt to rise.
The expected trading range for today is between 64.60 support and 67.50 resistance.
The expected trend for today: Bullish
Origin: Economies
