Brent oil price provided some negative trading yesterday to settle at 51.80 where stochastic managed to get rid of its negativity and gains positive momentum on the four hours time frame, which forms positive motive that we wait to push the price to resume the main bullish trend, organized within the bullish channels that appear in the image.
Therefore, the positive scenario will remain valid and active in the upcoming sessions conditioned by holding above 50.30 level, reminding you that our next main target located at 53.80.
Expected trading range for today is between 50.00 support and 54.50 resistance.
Expected trend for today: Bullish
Origin: Economies
