Brent oil price managed to achieve our waited target at 80.65$, and breached it to close the daily candlestick above it, to support the expectations of continuing the bullish trend on the intraday and short term basis, reminding you that our next target reaches 82.15$.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which will remain valid conditioned by the price stability above 80.65$.
The expected trading range for today is between 79.80$ support and 82.75$ resistance.
Trend forecast: Bullish
Origin: Economies
