Brent oil price breached 64.20 level strongly and rallied to achieve the expected positive targets, reaching 66.40, while on the other hand, we notice that the price completed forming double bottom pattern that we expect to push the price to achieve more gains in the upcoming period, paving the way to head towards 69.00 followed by 70.00 levels as next main stations.
Therefore, the bullish bias will be suggested for today unless breaking 65.15 and holding below it.
The expected trading range for today is between 65.15 support and 68.00 resistance.
The expected trend for today: Bullish
Origin: Economies
