Brent oil price resumes its positive trading after the strong decline that it witnessed on yesterday’s evening, to breach 128.96 level again and settles above it, opening today with new rise in attempt to move away from this level, to support the continuation of the bullish trend scenario, which its next targets located at 132.70 followed by 135.00.
On the other hand, we should note that failing to consolidate above 128.96 will press on the price to achieve temporary bearish correction before turning back to rise again.
The expected trading range for today is between 126.00 support and 135.00 resistance.
The expected trend for today: Bullish
