Brent Oil Price Analysis
Expected Scenario
The Brent oil price couldn’t manage to hold for long time above 87.67$ level, to trade negatively and test 87.00$ barrier.
Stochastic got rid of its negative momentum and approached overall positivity, supporting the chances of bouncing bullishly and resuming the main bullish trend.
The price needs to breach 87.67$ to confirm heading towards our next positive targets that start at 89.30$ and extend to 89.95$.
Expected Trading Range
Between 86.00$ support and 89.00$ resistance.
Trend Forecast: Bullish
Origin: Economies
