Brent oil price traded with strong negativity yesterday to break 65.92 level and touch the bullish channel’s support line that appears on the chart, which attempts to protect the price from suffering more losses, as the price starts positive attempts now, which makes us suggest witnessing positive trading in the upcoming sessions, on its way to test 65.92 level initially.
Therefore, the bullish trend will be expected for today unless breaking 63.95 followed by 62.92 levels and holding below them.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bullish