Brent oil price started new attempts to breach 90.30 level and finds difficulty to surpass it, waiting to get strong positive motive that assist to push the price to surpass this level and confirm opening the way to rally towards our new positive targets that start at 91.85 and extend to 93.40.
Holding above 89.45 represents initial condition to the continuation of the expected rise, as breaking it will push the price to decline towards 38.2% Fibonacci correction level at 86.75 before determining the next destination clearly.
The expected trading range for today is between 88.00 support and 91.30 resistance.
The expected trend for today: Bullish
Origin: Economies
