Brent oil price continues to rise, organized inside the intraday bullish channel that appears on the chart, approaching our waited target at 83.87 gradually, and we suggest surpassing this level to achieve additional gains that reach 85.00 as a next main station.
Therefore, the bullish trend will remain valid and active for the upcoming period, and the price needs to hold above 82.25 as a first condition to the continuation of the expected rise, as breaking it might push the price to test the most important support at 81.00 before any new attempt to rise.
The expected trading range for today is between 81.50 support and 84.50 resistance.
The expected trend for today: Bullish
Origin: Economies
