Brent oil price resumes its positive trading to approach our first waited target at 42.17, noting that the price completed forming the double bottom pattern, to support the chances of surpassing the mentioned level and extend the bullish wave towards 43.00 as a next target.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 41.14.
The expected trading range for today is between 40.00 support and 43.00 resistance.
The expected trend for today: Bullish