Brent oil price achieved strong rises yesterday, and begins today with additional rise to achieve our extended target at 68.90 and attempts to breach it, which hints heading to continue the rise in the upcoming sessions, waiting to test 69.60 as a next station, noting that breaching this level will push the price to 71.20 on the near term basis.
Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that breaking 68.50 followed by 67.70 levels will stop the expected rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 67.70 support and 70.20 resistance.
The expected trend for today: Bullish
Origin: Economies
