Brent futures continued to advance in the short term, buoyed by continuous trading above the 50-day SMA, with positive signals from the RSI, despite reaching overbought levels, and amid the dominance of the upward correctional trend in the short term.
Therefore we expect more gains for Brent futures in upcoming intraday levels trading, targeting the near and pivotal resistance of 87.25.
Expected trading range for today is between the 84.20 support and the 87.25 resistance.
Expected trend for today: Bullish
Origin: Economies
