Brent oil price succeeded to achieve our second waited target at 81.90 and breached it to settle above it, reinforcing the chances of rallying to achieve more expected gains on the short term basis, noting that the next targets reach 84.55 followed by 85.80.
The bullish channel continues to organize the suggested bullish wave, which will remain valid conditioned by the price stability above 80.80 and 80.05 levels.
The expected trading range for today is between 80.80 support and 84.00 resistance.
The expected trend for today: Bullish
Origin: Economies
