Brent oil price opens today’s trading with clear bullish bias to approach our waited target at 80.48, and keeps moving inside the bullish channel that appears on the chart, supported by the EMA0 and stochastic positivity.
Therefore, we believe that the chances are valid to achieve more gains in the upcoming period, noting that breaching 80.48 will push the price towards 82.90 as a next station, while holding above 78.55 is important to continue the suggested bullish bias.
Expected trading range for today is between 78.55 support and 81.50 resistance.
Expected trend for today: Bullish
Origin: Economies
