Brent oil price begins today with bullish bias to touch our first waited extended target at 85.55 and attempts to breach it, to support the chances of achieving more expected gains on the short term and medium term basis, as we expect to head towards 88.00 as a next main station.
The bullish channel continues to organize the suggested bullish wave, which gets continuous support by the EMA50, noting that holding above 84.40 is important to continue the expected bullish trend.
The expected trading range for today is between 84.00 support and 87.00 resistance.
The expected trend for today: Bullish
Origin: Economies
