Brent oil price continues trading around 46.76 level and around the EMA50, while we still waiting to get clearer confirmation signal for the next trend through breaching on of the trend keys represented by 45.90 support and 48.05 resistance, which makes us continue with our neutrality until now.
We remind you that breaching the mentioned resistance will lead the price to achieve gains that start at 49.80 and extend to 52.83, opening the way to regain the main bullish trend, while breaking 45.90 support represents negative factor that will extend the correctional bearish wave to reach 43.00 as a next main target.
Expected trading range for today is between 44.50 support and 49.80 resistance.
Expected trend for today: Depends on the above mentioned levels
Origin: Economies
