Brent oil price trades negatively now to press on the EMA50, on its way for a potential test to the main bullish channel’s support line, and as long as the price is above 66.50, our positive overview will remain active for today, supported by the positive signal provided now by stochastic, waiting to rally towards our next positive target at 72.65.
The expected trading range for today is between 66.50 support and 70.00 resistance.
The expected trend for today: Bullish