Brent oil price fluctuates around 85.00 level since yesterday, keeping its stability above 84.25, to continue suggesting the bullish trend that moves organized inside the bullish channel that appears on the chart, supported by the EMA50, waiting to target 87.60 level as a next main station.
We should note that breaking 84.25 followed by 83.65 levels will push the price to test the bullish channel’s support line at 82.65 before any new attempt to rise.
Expected trading range for today is between 83.65 support and 87.00 resistance.
Expected trend for today: Bullish
Origin: Economies
