Brent oil price soared to reach the waited target at 95.55, as it returns to the bullish channel to support the chances of continuing the main bullish trend, noting that breaching the mentioned level will push the price to target 96.00 followed by 98.50 areas as next main stations.
Therefore, we expect the continuation of the bullish trend domination in the upcoming period, taking into consideration that breaking 94.00 might cause intraday turn to the trend to decline, to head towards testing 91.60 areas initially 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
