Brent oil price shows positive trading now to move above 54.00 level, which supports the continuation of the expected bullish trend in the upcoming period, which gets good positive support by stochastic and the EMA50, which makes us believe that the way is open to visit our next main target at 56.59.
Therefore, we are waiting for more positive trading for the rest of the day conditioned by the price stability above 52.83.
Expected trading range for today is between 52.00 support and 56.00 resistance.
Expected trend for today: Bullish