Brent oil price rallied upwards to breach 82.00 and approach the key resistance 83.87, and the way seems open to continue the rise and surpass this level to achieve additional gains that reach 85.35 as a next positive station.
Therefore, we expect the continuation of the bullish bias in the upcoming sessions, taking into consideration that the consolidation of 83.87 level against the current rally will stop the positive scenario and force the price to rebound bearishly to visit 61.8% Fibonacci correction level at 81.00.
The expected trading range for today is between 82.00 support and 85.10 resistance.
The expected trend for today: Bullish
Origin: Economies
