Brent oil price touched the recently recorded top at 88.80 and finds difficulty to breach it, to show some bearish bias now, waiting to lean on the intraday bullish channel’s support line to resume the bullish trend that its next main target located at 90.00.
Stochastic attempts to gather the positive momentum to support the expected bullish trend scenario, which will remain valid conditioned by the price stability above 87.40.
The expected trading range for today is between 86.70 support and 89.50 resistance.
The expected trend for today: Bullish
Origin: Economies
