Brent oil price rallied upwards yesterday to breach 83.87 and close the daily candlestick above it, to stop the recently suggested negative scenario and begin bullish wave on the intraday basis, its targets begin at 85.50 and extend to 86.74.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, taking into consideration that failing to consolidate above 83.87 will put the price under the negative pressure again, to head towards visiting 81.00 areas mainly.
The expected trading range for today is between 83.10 support and 86.10 resistance.
Trend forecast: Bullish
Origin: Economies
