Brent oil price shows calm positive trades to move away gradually from the horizontal support 88.80, reinforcing the expectations of continuing the bullish trend, which gets continuous support by the EMA50, reminding you that our next target is located at 91.60.
The bullish channels support the suggested rise, noting that the continuation of the bullish wave depends on the price stability above 88.80 and the most important above 87.70.
The expected trading range for today is between 88.30 support and 91.00 resistance.
The expected trend for today: Bullish
Origin: Economies
