Brent oil price ended last Friday with strong rise to breach 93.36 and settles above it, to stop the recently suggested decline and head to resume the main bullish trend, as it returns to the bullish channel that supports the chances of achieving new positive targets that start at 96.00 and extend to 98.00.
Therefore, we expect to witness more rise in the upcoming sessions unless breaking 93.36 and holding below it.
The expected trading range for today is between 93.00 support and 96.00 resistance.
The expected trend for today: Bullish
Origin: Economies
