Brent oil price found solid resistance at 93.00 barrier, to show some temporary bearish bias, as it leans on the bullish channel’s support line and prepares to resume the bullish trend again, motivated by stochastic positivity, besides the support provided by the EMA50.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that holding above 92.05 and 91.50 levels is important to achieve the waited targets.
The expected trading range for today is between 91.20 support and 94.20 resistance.
The expected trend for today: Bullish
Origin: Economies
