Brent oil price fluctuates within sideways track in the previous sessions, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next target located at 86.74.
Therefore, we will continue to suggest the bullish trend for the upcoming period, and breaching the mentioned level will extend the bullish wave to reach 88.40 as a next positive target, while breaking 83.87 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 84.60 support and 87.60 resistance.
Trend forecast: Bullish
Origin: Economies
