Brent oil price bounced upwards strongly after the negative pressure that it witnessed yesterday, as it kept its stability above 93.36 level, to settle above 94.00 barrier now, reinforcing the expectations of continuing the main bullish trend, which targets 96.00 followed by 98.60 levels as next main stations.
Holding above 93.36 is important to continue the expected rise, as breaking it might turn the intraday trades to decline and test 90.70 areas before any new positive attempt.
The expected trading range for today is between 93.00 support and 96.00 resistance.
The expected trend for today: Bullish
Origin: Economies
