Brent oil price tests the intraday bullish channel’s support line, which urges caution from the upcoming trading, as the continuation of the negative pressure and surpassing this support followed by breaking 44.40 will stop the recently suggested positive scenario and press on the price to start correctional bearish wave, while the price needs to breach 45.45 to ease the mission of resuming the bullish trend that its next main target located at 47.60.
The expected trading range for today is between 44.00 support and 47.00 resistance.
The expected trend for today: Bullish