Brent oil price traded with clear positivity on yesterday’s evening to breach 64.85 and settles above it, which push the price to resume the main bullish trend, to head towards 66.90 followed by 68.50 levels as next main targets.
Moving above the EMA50 supports the expected rise, noting that breaking 64.85 will put the price under new negative pressure that targets testing 62.94 initially.
The expected trading range for today is between 64.00 support and 67.00 resistance.
The expected trend for today: Bearish
Origin: Economies
