Brent oil price managed to achieve our waited target at 86.60 and breached it to confirm extending the bullish wave on the intraday and short term basis, on its way to visit 88.00 followed by 88.80 levels as next positive stations.
Therefore, we expect the continuation of the bullish trend domination in the upcoming period, noting that holding above 85.80 represents initial condition to continue the suggested rise.
The expected trading range for today is between 85.50 support and 88.50 resistance.
The expected trend for today: Bullish
Origin: Economies
