Brent oil price faced negative pressure yesterday that stopped at the bullish trend line that appears on the chart, starting today with bullish bias in attempt to regain the bullish trend, which makes us suggest witnessing more positive trades in the upcoming sessions, motivated by stochastic current positivity, waiting to head towards 66.90 initially.
Holding above 63.95 is important to continue the expected rise, as breaking it will put the price under more negative pressure that targets testing 62.94 areas before determining the next trend clearly.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bullish
Origin: Economies
