Brent oil price bounced upwards strongly to head towards resuming the main bullish track, approaching 83.87 level that represents key resistance against the intraday trades, as the price needs to breach this level to confirm extending the bullish wave and head towards 85.00 areas as a next main station.
Therefore, we suggest the continuation of the bullish bias on the intraday basis supported by the EMA50 that carries the price from below, taking into consideration that breaking 82.30 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 82.00 support and 85.00 resistance.
The expected trend for today: Bullish
Origin: Economies
