Brent oil price soard upwards yesterday to succeed achieving our waited target at 66.80 and breached it to close the daily candlestick above it, which supports the continuation of the main bullish trend, organized inside the bullish channel that appears on the chart, opening the way to head towards 69.10 as a next main target.
Therefore, the bullish trend will remain dominant in the upcoming sessions supported by the EMA50, noting that holding above 66.80 represents first condition to continue the expected rise.
The expected trading range for today is between 66.00 support and 69.10 resistance.
The expected trend for today: Bullish
Origin: Economies
