Brent Oil Price Analysis
Expected Scenario
Brent oil price returned to decline to test 82.40$, and the price needs to consolidate above this level to keep the bullish trend scenario valid and active, which targets 83.70$ followed by 84.77$ levels as next main stations.
Stochastic gains the positive momentum clearly to support the chances of resuming the expected bullish trend, which will remain valid unless breaking 82.40$ and holding with a daily close below it.
Expected Trading Range
The expected trading range for today is between 81.10$ support and 84.00$ resistance.
Trend Forecast: Bullish
Origin: Economies
