Brent oil price tested 81.00 level and bounced bullishly from there, to keep the bullish trend scenario active, waiting to visit 83.87 that represents our next main target, noting that breaching this level will lead the price to achieve additional gains that reach 86.74 on the near-term basis.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the daily close stability above 81.00.
The expected trading range for today is between 81.00 support and 83.80 resistance.
The expected trend for today: Bullish
Origin: Economies
