Brent oil price traded with clear positivity in the previous sessions to breach 81.70 level and settles above it, which stops the recently suggested negative scenario and lead the price to turn to rise, on its way to visit 85.10 as a next positive target.
Stochastic current negativity might hinder the mission to rise, and the price needs to surpass 83.30 to ease the mission of rallying towards our waited target.
On the other hand, we should note that failing to breach the mentioned level will put the price under the negative pressure again, to head towards testing 81.90 followed by 81.30 areas as next negative stations.
The expected trading range for today is between 81.50 support and 85.00 resistance.
The expected trend for today: Bullish
Origin: Economies
