Brent oil price rallied upwards strongly to breach our waited target at 80.96 and settles above it, to confirm the continuation of the bullish trend domination and open the way to achieve additional gains that we expect to reach 82.00, noting that surpassing this level will push the price to 83.50 as a next main station.
Therefore, we continue to suggest the bullish trend for the upcoming period, and the price needs to hold above 80.96 to guarantee the continuation of the bullish wave, as breaking this level will put the price under intraday negative pressure that might push the price to test 78.90 areas before any new attempt to rise.
The expected trading range for today is between 80.20 support and 83.20 resistance.
The expected trend for today: Bullish
Origin: Economies
