Brent oil price succeeded to achieve our first waited target at 65.92 and settles there now, as it attempts to breach it, reinforcing the chances of extending the bullish wave on the short term basis, noting that the next target extends to reach 68.70, which represents the full target of the previously completed double bottom pattern.
Therefore, the bullish trend will remain suggested for the upcoming sessions, noting that failing to breach 65.92 will press on the price to decline and test 64.00 followed by 62.92 areas before any new attempt to rise.
The expected trading range for today is between 64.50 support and 68.00 resistance.
The expected trend for today: Bullish