Brent oil price managed to breach 83.50 level and closed the daily candlestick above it, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, opening the way to head towards our next target at 85.00.
The bullish channel continues to organize the suggested bullish wave, which its positive targets extend to reach 86.80 areas, noting that breaking 83.50 followed by 82.60 levels will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 82.30 support and 85.50 resistance.
The expected trend for today: Bullish
Origin: Economies
