Brent futures price resumed positive trading and reached the first positive target 85.00, piercing and settling above it, and opening the door for more gains towards 87.65.
Therefore we still believe the upward trend is likely for upcoming trading, with support from the 50 SMA, while the price trades inside the ascending channel as shown in the attached chart, however, maintaining the upward wave requires holding firmly above 83.50.
Expected trading range for today is between the 84.20 support and the 87.20 resistance.
Expected trend for today: Bullish
Origin: Economies
