Brent Oil Price Analysis
Expected Scenario
The Brent oil price bounced bullishly after testing the key support base at $87.67, resuming the expected bullish trend on the intraday basis. It is anticipated to achieve positive targets starting at $91.35 followed by $92.35.
Stochastic current negativity might cause temporary sideways fluctuation before resuming the expected bullish wave. The bullish scenario will remain valid unless breaking $87.67 and holding with a daily close below it.
Expected Trading Range
Between the support at $87.70 and the resistance at $90.70.
Trend Forecast: Bullish
Origin: Economies
