Brent oil price succeeded to breach the main bullish channel’s resistance and closed the daily candlestick above it, which supports the continuation of our bullish overview efficiently in the upcoming period, which gets positive support by the EMA50, motivating the price to head towards our next main target that reaches 83.65.
Holding above 78.00 is important to continue the expected rise, as breaking it will push the price to start bearish correction on the intraday basis before any new positive attempt.
Expected trading range for today is between 78.00 support and 82.00 resistance.
Origin: Economies
