Brent Oil Price Analysis
Expected Scenario
Brent oil price rallied upwards clearly to breach 78.05$ level and settle above it, to head toward achieving expected gains in the upcoming sessions, targeting visiting the bearish channel’s resistance at 80.08$.
Therefore, the bullish trend will be suggested on the intraday basis, being aware that it is important to monitor the price at the targeted level, as breaching it will lead the price to achieve more gains and open the way to visit 81.45$ followed by 82.42$ levels as next positive stations.
Expected Trading Range
Between 77.60$ support and 80.60$ resistance.
Trend Forecast: Bullish
Origin: Economies
