Brent oil price shows positive trades by today’s open to start attempts to breach the bullish pennant’s resistance line, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, paving the way to achieve gains that start by visiting 86.85 followed b 89.00 after breaching the previous level.
The bullish wave organizes the expected bullish wave, which gets continuous support by the EMA50, noting that breaking 84.50 is considered as initial negative key to start correctional bearish wave on the intraday basis.
The expected trading range for today is between 84.20 support and 87.50 resistance.
The expected trend for today: Bullish
Origin: Economies
