Brent oil price attempted to breach 50.65 level yesterday but without holding above it, which provides positive signals that supports the continuation of the bullish trend on the short and medium term basis, where the trading organizes within the bullish channels that appear in the image, waiting for targeting 53.80 levels as a next main station.
Therefore, our bullish trend expectations will remain valid and active for today supported by the EMA50, reminding you that holding above 48.70 level important for keeping the chances for the continuation of the bullish momentum in the upcoming sessions.
Expected trading range for today is between 48.70 support and 53.80 resistance.
Expected trend for today: Bullish
Origin: Economies
