Brent oil price started today with bullish gap to settle above 98.00 barrier, to keep the main bullish trend scenario valid and active for the upcoming period, supported by stochastic positivity, besides the EMA50 that carries the price from below, waiting to visit 103.55 as a next main target.
On the other hand, we should note that breaking 95.80 and holding below it will stop the suggested positive scenario and press on the price to start correctional bearish wave.
The expected trading range for today is between 96.00 support and 101.00 resistance.
The expected trend for today: Bullish
