Brent oil price traded with clear positivity yesterday to approach our first waited target at 96.35, and we expect the continuation of the bullish bias to achieve additional gains that reach 100.00 on the near term basis, supported by the EMA50 that carries the price from below.
Holding above 93.70 is important to continue the expected bullish trend, as breaking it will press on the price to turn to decline and head towards achieving negative targets that start at 90.65.
The expected trading range for today is between 93.80 support and 97.60 resistance.
The expected trend for today: Bullish
Origin: Economies
