Brent oil price hovers around 85.55 level since yesterday, getting continuous positive support by the EMA50, waiting to resume the expected bullish trend for the upcoming period, which targets 86.70 followed by 88.22 levels as next main stations.
Note that breaching 85.80 will ease the mission of achieving the expected rise, while breaking 84.33 will press on the price to turn to decline and head to achieve new bearish correction on the intraday and short term basis.
The expected trading range for today is between 84.50 support and 87.50 resistance.
The expected trend for today: Bullish
Origin: Economies
