Brent oil price provided positive trading after testing 62.35 level and holding above it, to keep the bullish trend scenario valid for the upcoming period, noting that breaching 63.55 will ease the mission of continuing the main bullish track, which its targets begin by testing the previously recorded top at 64.63, and extend to reach 66.30 on the near term basis.
Holding above 62.35 is important to achieve the suggested targets, as breaking it will push the price to visit 60.95 level before any new positive attempt.
Expected trading range for today is between 61.50 support and 65.00 resistance.
Expected trend for today: Bullish