Brent oil price shows some silght bearish bias to test the EMA50, which meets the intraday bullish channel’s support line, accompanied by stochastic reach to the oversold areas, to form positive motive that we expect to assist to push the price to rise again.
Therefore, we will continue to suggest the bullish trend in the upcoming period unless breaking 78.30 level and holding below it, reminding you that our main target is located at 83.65.
Expected trading range for today is between 78.00 support and 82.00 resistance.
Origin: Economies
