Brent oil price suffered new strong losses yesterday, as it reached 89.80 level, but we notice that the price begins today with strong positivity that puts it within the bullish channel again, to reinforce the chances of recovering and continuing the main bullish trend, remidning you that our positive targets begin at 93.50 and extend to 95.50.
The EMA50 attempts to protect the suggested positive scenario, which will remain valid conditioned by the price stability above 91.60.
The expected trading range for today is between 91.00 support and 94.00 resistance.
The expected trend for today: Bullish
Origin: Economies
