Brent oil price gets new positive signals – Analysis - 26-05-2022

Brent oil price didn’t show any strong move since yesterday, hovering around 112.00 level, thus, no change to the bullish trend scenario that targets 115.10 as a next main station, supported by the positive overlapping signal that stochastic begins to provide now.

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 110.05 and holding below it.

The expected trading range for today is between 110.05 support and 115.50 resistance.

Open Live Trading Account

The expected trend for today: Bullish