Brent oil price crawls upwards gradually to approach from our first waited target at 54.87, to keep the price organized inside the bullish channel that appears on chart, waiting to breach the mentioned level to confirm extending the bullish wave towards 58.36.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 52.71 level and holding below it.
Expected trading range for today is between 53.00 support and 56.50 resistance.
Expected trend for today: Bullish