Brent oil price resumed its positive trading yesterday to succeed surpassing 68.00 level and settles above it, which supports the expectations of continuing the bullish trend in the upcoming period, opening the way to head towards our next main target at 72.65.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis supported by the EMA50, noting that the continuation of the expected rise conditions holding above 67.10 and the most important above 66.25.
The expected trading range for today is between 67.10 support and 70.50 resistance.
The expected trend for today: Bullish
Origin: Economies
