Brent oil price’s decline stopped at 78.80 level, and bounced upwards strongly to confirm resuming the main bullish track, targeting testing 84.00 level as a first positive station.
Therefore, the bullish trend will be dominant in the upcoming sessions, noting that failing to surpass 83.20 will stop the expected rise and press on the price to turn to decline, to head towards visiting 78.50 areas on the near term basis.
The expected trading range for today is between 81.00 support and 84.00 resistance.
The expected trend for today: Bullish
Origin: Economies
