Brent oil price keeps its consolidation above 110.05 level, to keep the bullish trend scenario valid for the upcoming period, supported by the EMA50 that carries the price from below, waiting to resume the positive trades that target 115.10 level mainly.
Stochastic prepares to provide positive signals that add more support to the suggested positive scenario, which will remain valid unless breaking 110.05 and holding below it.
The expected trading range for today is between 108.00 support and 115.10 resistance.
The expected trend for today: Bullish
Origin: Economies
