Brent oil price rallies upwards strongly now to succeed achieving our first target at 39.00 and surpasses it to settle above it, opening the way to extend the bullish wave on the intraday and short term basis, which targets 42.40 as a next main station, noting that the EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 37.35.
The expected trading range for today is between 37.50 support and 40.50 resistance.
The expected trend for today: Bullish