Brent oil price bounced downwards strongly on yesterday’s evening to approach the key support 80.50, starting today with bullish bias that hints heading to resume the bullish trend, supported by stochastic reach to the oversold areas, besides the EMA50 that keeps protecting trading in the bullish channel.
Therefore, we will continue to suggest the bullish trend for today conditioned by holding above 80.50, noting that our next main target is located at 84.60.
Expected trading range for today is between 80.00 support and 83.00 resistance.
Expected trend for today: Bullish
Origin: Economies
