Brent oil price provided positive trading after retesting 55.90 level yesterday, to support the continuation of our bullish overview on the intraday and short term basis, and the way is open to head towards 58.37 that represents our next main target.
The EMA50 keeps supporting the suggested bullish wave, while breaking 55.90 represents negative factor that will push the price to test 54.80 areas initially before any new attempt to rise.
Expected trading range for today is between 55.00 support and 58.37 resistance.
Expected trend for today: Bullish