Brent oil price traded with strong positivity yesterday to breach 81.70 level and settles above it, to head towards achieving expected gains on the intraday basis, waiting to test 83.87 as a next station, which breaching it represents the key to confirm resuming the main bullish wave and head to achieve additional gains that reach 85.00 as a next main target.
Moving above the EMA50 supports the suggested positive scenario, while breaking 82.30 will push the price to decline again and visit 81.00 initially.
The expected trading range for today is between 81.20 support and 84.20 resistance.
The expected trend for today: Bullish
Origin: Economies
