Brent oil price continues to fluctuate within sideways track, keeping its stability above the key support 80.50, to keep the bullish trend suggested for today, supported by the EMA50 that protects trading inside the bullish channel, noting that breaching 81.75 will ease the mission of heading towards our next target that extends to reach 85.00.
We should note that breaking 80.50 followed by 80.15 levels will put the price under negative pressure that targets 77.15 areas before any new attempt to rise.
Expected trading range for today is between 80.00 support and 83.50 resistance.
Expected trend for today: Bullish
Origin: Economies
