Brent oil price managed to achieve our waited target at 96.05, noticing that the price begins today with additional positivity to breach this level and attempt to hold above it, which supports the chances of continuing the bullish trend on the intraday and short term basis, noting that our next targets begin at 97.05 and extend to 98.00.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected bullish trend, which will remain valid conditioned by the price stability above 95.25.
The expected trading range for today is between 95.00 support and 95.25 resistance.
The expected trend for today: Bullish
Origin: Economies
