Brent oil price traded with clear negativity yesterday to test the bullish channel’s support line that appears on the chart, accompanied by stochastic entering the oversold areas, to form positive motive that we expect to push the price to rebound bullishly and resume the main bullish trend again.
Therefore, the bullish bias will be expected for today, and the targets begin at 87.65 and extend to 89.00, noting that breaking 86.30 will stop the suggested bullish wave and push the price to turn to decline.
The expected trading range for today is between 85.20 support and 88.50 resistance.
The expected trend for today: Bullish
Origin: Economies
