Brent oil price ended yesterday’s trading with clear positivity to breach 51.20 level and close the daily candlestick above it, which supports the continuation of our bullish overview efficiently for the upcoming period, opening the way to head towards 52.83 level as a next main station.
Therefore, the bullish trend scenario will remain valid on the intraday and short term basis supported by the EMA50, conditioned by the price stability above 50.30 and the most important above 48.91 level.
Expected trading range for today is between 50.00 support and 53.50 resistance.
Expected trend for today: Bullish
Origin: Economies
