Brent oil price faced strong negative pressure yesterday to break 82.15$ level and approach the key support 80.65$, noticing that stochastic shows clear positive signals now, waiting to motivate the price to resume the bullish trend on the intraday basis, and the price needs to breach 82.15$ to confirm rallying towards 83.66$ as a next positive station.
Therefore, the overall positive scenario will remain valid unless breaking 80.65$ and holding below it, noting that the EMA50 supports the suggested bullish wave.
The expected trading range for today is between 80.10$ support and 83.10$ resistance.
Trend forecast: Bullish
Origin: Economies
