Brent oil price traded with strong negativity on yesterday’s evening to test the key support 64.00, and as we mentioned in our recent reports, holding above this level keeps the overall bullish trend scenario valid, as breaking it will force the price to visit 61.71 areas on the near term basis.
Therefore, we will keep our bullish overview conditioned by the price stability above 64.00 level, supported by the positivity that appears clearly on stochastic, noting that the waited targets begin by breaching 65.40 to open the way to head towards 66.54 followed by 67.68 levels as next main stations.
Expected trading range for today is between 63.50 support and 66.54 resistance.
Expected trend for today: Bullish
Origin: Economies
