Brent oil price leaned well on 84.33 level and bounced bullishly to start new bullish wave on the intraday basis, on its way to achieve positive targets that we expect to reach 86.70 as a first positive station, noting that breaching this level will push the price to visit the previously recorded high at 88.22.
Therefore, we expect to witness more rise in the upcoming sessions supported by the EMA50, taking into consideration that the continuation of the bullish wave conditions holding above 84.33.
The expected trading range for today is between 84.50 support and 87.50 resistance.
The expected trend for today: Bullish
Origin: Economies
