Brent oil price bounced upwards clearly to approach our waited target at 83.87, and we suggest the continuation of the bullish bias to surpass this level and achieve additional gains in the upcoming sessions, noting that the next target reaches 85.00.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the positive trades, taking into consideration that breaking 82.30 will stop the expected rise and force the price to decline to test 81.00 mainly.
The expected trading range for today is between 81.50 support and 84.80 resistance.
The expected trend for today: Bullish
Origin: Economies
