Brent oil price managed to achieve our first waited positive target at 85.50, affected by stochastic negativity to show some slight bearish bias, waiting to resume the bullish wave that its next target located at 86.74.
The positive support provided by the EMA50 reinforces the expectations to rise in the upcoming sessions, noting that breaking 83.87 will stop the bullish wave and push the price to turn to decline.
The expected trading range for today is between 84.00 support and 87.00 resistance.
Trend forecast: Bullish
Origin: Economies
