Brent oil price shows new positive trading and attempts to surpass the main bullish channel’s resistance line that appears on the chart, to support the expected positive scenario on the intraday and short term basis, which gets continuous positive support by the EMA50, waiting to visit 74.70 as a next main target.
Therefore, we will keep our bullish overview unless breaking 71.65 and holding below it.
The expected trading range for today is between 72.00 support and 74.70 resistance.
The expected trend for today: Bullish
Origin: Economies
