Brent oil price provided clear positive trades yesterday after leaning on the support line that appears on the chart, to start testing the key resistance 41.76, which hints the price attempt to regain the main bullish trend, but we need to confirm breaching the mentioned resistance to open the way to achieve additional gains that start at 43.38 and extend to 45.00.
Therefore, we prefer staying neutral now until the price confirms breaching the mentioned resistance or breaking 40.30 support, noting that breaking this support will put the price under negative pressure that targets visiting 37.86 mainly.
The expected trading range for today is between 40.00 support and 43.38 resistance.
The expected trend for today: Neutral
Origin: Economies
