Brent oil price continued to rise and approached 88.00$ barrier, waiting for more rise to achieve new gains that start at 88.40 and extend to reach 90.00$ per barrel barrier as next main stations.
Stochastic current negativity might cause some temporary sideways fluctuation, while the EMA50 supports the price from below, to continue suggesting the bullish trend for the upcoming period unless breaking 86.74 and holding below it.
The expected trading range for today is between 86.00 support and 89.00 resistance.
Trend forecast: Bullish
Origin: Economies
