Brent oil price reached 89.00 barrier and bounced upwards strongly to approach the key resistance 93.30, and the EMA50 meets this level to add more strength to it, while stochastic loses its positive momentum clearly.
Therefore, we believe that the chances valid to resume the bearish that its negative targets extend to reach 88.35, noting that breaching 93.30 will lead the price to achieve additional gains that reach 94.95 before any new attempt to decline.
The expected trading range for today is between 90.20 support and 94.00 resistance.
The expected trend for today: Bearish
Origin: Economies
