Brent oil price keeps fluctuating at the main bullish channel’s support keeping its stability above this level, to keep the bullish trend valid until now, waiting for getting enough positive motive to push the price to resume the positive trading in the upcoming sessions, where our main targets located at 58.37 then 60.00.
Holding above 55.70 level is important for the continuation of the expected rise, reminding you that breaking this level will push the price to visit 23.6% Fibonacci correction level at 50.98 before any new positive attempt.
Expected trading range for today is between 54.50 support and 58.37 resistance.
Expected trend for today: Bullish
Origin: Economies
