Brent oil price shows weak trades, settling around 82.00$ level, and it needs to gather positive momentum that assist to push the price to resume the bullish to head towards 83.87 that represents our next main station.
Until now, the bullish trend scenario still active as long as 81.00 level remains intact, supported by the EMA50, noting that breaking this level will push the price to turn to decline and build bearish wave that its targets reach 79.60 followed by 77.44.
The expected trading range for today is between 80.70 support and 83.80 resistance.
The expected trend for today: Bullish
Origin: Economies
