Brent Oil attempts to breach – Analysis - 27-06-2017

Brent oil price returns to attempt to breach the bearish channel's resistance that appears on chart, which supports our expectations to rise on the intraday basis, which its main target located at 47.05, reminding you that breaching this level will extend the bullish wave to reach 49.21 as a next main station.

In general, we will continue to suggest the bullish bias in the upcoming sessions unless breaking 45.55 level and holding below it, noting that breaking this level will push the price to continue the bearish trend that moves organized inside the mentioned bearish channel.

Expected trading range for today is between 44.50 support and 48.00 resistance.

Expected trend for today: Bullish