Brent oil price continues to rise to approach our first waited positive target at 69.95, getting continuous positive support by the EMA50, to reinforce the chances of continuing the rise and head towards our next target that extends to 71.35.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that breaking 68.35 and holding below it will stop the suggested rise and press on the price to start intraday bearish correction before resuming the bullish trend again.
The expected trading range for today is between 68.35 support and 71.35 resistance.
The expected trend for today: Bullish
Origin: Economies
