Brent oil price tested the bullish channel’s support line and keeps its stability above it, to start providing positive trades in attempt to resume the bullish trend, motivated by stochastic positivity.
Therefore, our bullish overview will remain valid and active on the intraday and short term basis, reminding you that our next main target reaches 84.55, while achieving it requires holding above 80.80.
The expected trading range for today is between 80.20 support and 83.20 resistance.
The expected trend for today: Bullish
Origin: Economies
