Brent oil price ended yesterday’s trading with clear positivity, settling near 41.00 barrier, which push the price to achieve more expected gains in the upcoming sessions, as it found difficulty to break 40.00 level, to head towards visiting 41.75 followed by 43.00 areas as next main targets.
Therefore, the bullish bias will be expected for today, noting that breaking 40.00 will stop the suggested rise and press on the price to resume the bearish trend that its next target located at 37.40.
The expected trading range for today is between 39.50 support and 42.50 resistance.
The expected trend for today: Bullish
Origin: Economies
