Brent oil price trades positively to approach from the critical resistance at 39.85, as we mentioned this morning, the price needs to breach this level to ease the mission of heading towards our main targets at 42.40 and extend to 43.25.
In general, the bullish trend scenario will remain valid and active in the upcoming sessions unless breaking 39.00 level and holding below it.
The expected trading range for today is between 38.00 support and 41.50 resistance.
The expected trend for today: Bullish