Brent oil price attempted to breach 88.80 level but it finds difficulty to consolidate above it, waiting to get positive momentum that assist to push the price to confirm the breach and head towards our next positive target at 90.00.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period unless breaking 87.40 and holding below it.
The expected trading range for today is between 87.00 support and 90.00 resistance.
The expected trend for today: Bullish
Origin: Economies
