Brent oil price traded with clear positivity to move away from the bullish channel’s support line, to hint heading to resume the main bullish trend, facing solid resistance at 121.30, as it needs to surpass this level to confirm rallying towards achieving additional gains that start at 123.10 and extend to 125.00.
Therefore, we expect to witness more rise in the upcoming sessions unless breaking 119.05 and holding below it.
The expected trading range for today is between 119.00 support and 123.10 resistance.
Origin: Economies
