Brent oil price didn’t show any strong move yesterday, to fluctuate around the EMA50, affected by stochastic negativity to show some slight bearish bias, waiting to get positige momentum that assist to push the price to continue the expected bullish trend for the upcoming period, which its next main target located at 85.80.
In general, we will continue to suggest the bullish trend unless breaking 81.50 followed by 80.80 levels and holding below them.
The expected trading range for today is between 81.50 support and 84.50 resistance.
The expected trend for today: Bullish
Origin: Economies
