Brent oil price continued to rise to confirm breaching 86.74 level and settles above it, and by taking a deeper look at the chart, we find that the price completed forming falling wedge pattern that supports the chances of continuing the rise on the intraday basis, to head towards visiting 90.30 as a next main target.
Therefore, we expect to witness more rise in the upcoming sessions, and breaching 88.40 will ease the mission of achieving the suggested target, while breaking 86.75 will stop the positive scenario and push the price to return to the correctional bearish track again.
The expected trading range for today is between 86.75 support and 89.80 resistance.
The expected trend for today: Bullish
Origin: Economies
