Brent oil price touched 83.50 level yesterday, and bounced upwards sharply from there to return to the main bullish channel again, to resume the main bullish trend and head towards achieving expected additional gains in the upcoming period, targeting visiting 87.65 followed by 89.00 levels as next main stations.
Therefore, the bullish bias will be suggested for today, it might be preceded by some sideways fluctuation affected by stochastic negativity, noting that it is important to hold above 85.40 to continue the expected rise.
The expected trading range for today is between 85.00 support and 88.00 resistance.
The expected trend for today: Bullish
Origin: Economies
