Brent oil price rallied upwards strongly yesterday to succeed achieving the extended target at 82.15$, noticing that the price closed the daily candlestick above it, to hint heading to achieve more expected gains in the upcoming period, noting that the next target reaches 83.66$.
Stochastic negativity pushes the price to provide negative trades by today’s open, waiting to get positive momentum that assist to push the price to rise again, taking into consideration that failing to consolidate above 82.15$ will push the price to achieve more intraday decline to visit 80.65$ areas before any new attempt to resume the bullish trend.
The expected trading range for today is between 80.80$ support and 83.66$ resistance.
Trend forecast: Bullish
Origin: Economies
