Brent Oil gets a positive motive – Analysis - 25-05-2017

Brent oil price traded with clear positivity now approaching from our first target at 54.87, as the price gets positive signal through stochastic now, which forms positive motive that we are waiting to assist to push the price to breach the mentioned level followed by opening the way to extend the bullish wave to reach 58.36.

Therefore, the bullish trend will remain suggested for today unless we witnessed clear break and holding below 52.71.

Expected trading range for today is between 53.00 support and 56.50 resistance.

Expected trend for today: Bullish