Brent oil price shows positive trading by today’s opening after the decline that it witnessed in the previous sessions, to start the attempts to surpass the main bullish channel’s resistance again, which supports the continuation of our bullish overview in the upcoming sessions, getting continuous positive support by the EMA50, besides stochastic move inside the oversold areas now.
Therefore, we will keep our bullish trend expectations unless breaking 78.00 level and holding below it, noting that the next main target reaches 83.65.
Expected trading range for today is between 78.00 support and 82.00 resistance.
Origin: Economies
