Brent oil price rallied upwards clearly to surpass our first waited target at 86.70 and approach the second target at 88.22, and we suggest the continuation of the bullish trend to surpass the last level and achieve additional gains that reach the psychological barrier at 90.00.
Therefore, the bullish trend will remain valid and active for the upcoming period, supported by the EMA50 that continues to carry the price from below, noting that breaking 86.25 will stop the positive scenario and push the price to turn to decline.
The expected trading range for today is between 86.25 support and 89.30 resistance.
The expected trend for today: Bullish
Origin: Economies
