Brent oil price trades negatively now to attack the main bullish channel's support line, but we still continue to suggest the overall bullish trend unless breaking 55.91 level and holding below it, waiting to step above 57.25 to reinforce the expectations of resuming the bullish trend that its first target located at 59.48.
We should note that breaking 55.91 will push the price to visit 38.2% Fibonacci correction level at 53.70 before any new attempt to rise.
Expected trading range for today is between 55.91 support and 59.48 resistance.
Expected trend for today: Bullish