Brent oil price settles around 83.00 level after the strong bullish rally that it witnessed yesterday, waiting for more rise to achieve the main waited target at 83.50, remining you that breaching this level will push the price to achieve additional gains that reach 85.00.
The bullish channel continues to organize the suggested bullish wave, which gets good support by the EMA50, noting that breaking 82.00 will push the price to test the most important support line to the short-term trades at 80.96 before any new attempt to rise.
The expected trading range for today is between 81.50 support and 84.80 resistance.
The expected trend for today: Bullish
Origin: Economies
