Brent oil price approached our waited negative target at 86.75 and bounced upwards sharply to breach 90.30 and settles around it, which pushes the price to attempt to regain the main bullish trend and stop the bearish correction that dominated the recent trades, on its way to achieve positive targets that start at 91.85 followed by 93.40.
Therefore, we expect to witness more rise in the upcoming sessions, taking into consideration that failing to consolidate above 90.30 will push the price to return to decline and head to visit 86.75 areas mainly.
The expected trading range for today is between 89.00 support and 92.00 resistance.
The expected trend for today: Bullish
Origin: Economies
