Brent oil price trades positively now after leaning on the EMA50, motivated by the positive signal provide by stochastic on the four hours’ time frame, to keep the bullish trend suggested for today, which conditions the price stability above 62.92 and 62.50 levels, while our first main target located at 65.92.
The expected trading range for today is between 63.00 support and 65.50 resistance.
The expected trend for today: Bullish