Brent oil price provided strong positive trades to surpass 68.00 barrier and confirm the return to the main bullish track, expecting to achieve more gains in the upcoming period, as the next positive target is located at 69.55, which breaching it represents the key to rally towards 71.35.
Therefore, the bullish trend will be expected on the intraday and short term basis, noting that holding above 67.10 is important to achieve the waited targets.
The expected trading range for today is between 67.30 support and 70.20 resistance.
The expected trend for today: Bullish
Origin: Economies
