Brent oil price succeeded to achieve our waited target at 83.87 and found solid resistance there again, to rebound bearishly and move within sideways track that appears on the chart, its lines represented by the mentioned resistance and 81.00 support, and the price might head to visit this support line in the upcoming sessions.
Now, we expect the price to move within the mentioned range until managing to surpass one of its lines followed by detecting the next destination clearly, noting that breaching the resistance will lead the price to achieve new gains that start at 85.00 and extend to 86.74, while breaking the support represents negative factor that will push the price to suffer intraday losses that reach 77.44 areas.
The expected trading range for today is between 81.20 support and 84.50 resistance.
The expected trend for today: Sideways
Origin: Economies
