Brent oil price traded with strong positivity on last Friday to approach 87.00$ barrier, reinforcing the expectations of continuing the bullish trend on the intraday and short-term basis, reminding you that our next station is located at 87.65.
Stochastic attempts to get rid of its negative momentum to provide positive motive that assists to push the price to resume the suggested bullish wave, noting that breaking 85.85 might push the price to test the bullish channel’s support line around 84.65 before any new attempt to rise.
The expected trading range for today is between 85.00 support and 88.00 resistance.
The expected trend for today: Bullish
Origin: Economies
