Brent oil price resumes its positive trading clearly after testing 80.50 level yesterday, getting good positive support by the EMA50 and stochastic, which supports the continuation of the expected bullish trend on the intraday and short term basis, and the way is open to head towards 84.70 that represents our next main target.
We should note that breaking 80.50 followed by 79.85 levels will stop the expected rise and push the price to turn to decline on the intraday basis.
Expected trading range for today is between 80.50 support and 83.50 resistance.
Expected trend for today: Bullish
Origin: Economies
