Brent oil price attempted to break 65.10 but it bounced bullishly to settle above the EMA50, which keeps our positive overview valid and active for the upcoming period, supported by the positive overlapping signal provided by stochastic now, waiting to visit 69.00 followed by 70.00 levels as next targets.
Holding above 65.10 is important to continue the expected rise, as breaking it will press on the price to test 62.95 initially before determining the next destination clearly.
The expected trading range for today is between 64.50 support and 67.50 resistance.
The expected trend for today: Bullish
Origin: Economies
