Brent oil price succeeded to touch our first waited target at 87.65 and settles there, waiting to breach this level to open the way to continue the bullish trend that its next target reaches 89.00.
The bullish channel continues to organize the suggested bullish wave, which gets good support by the EMA50, taking into consideration that failing to surpass 87.65 will push the price to turn to decline to test 85.95 areas before any new positive attempt.
The expected trading range for today is between 86.20 support and 89.50 resistance.
The expected trend for today: Bullish
Origin: Economies
