Brent oil price opens today’s trading with new strong rise to approach our waited target at 57.77, expecting the continuation of the bullish rally to achieve additional gains that reach 60.65.
Therefore, the bullish trend will remain valid and active for the upcoming period supported by the EMA50, noting that holding above 56.15 is important to continue the expected rise.
The expected trading range for today is between 56.15 support and 59.00 resistance.
The expected trend for today: Bullish
Origin: Economies
