Brent oil price couldn’t manage to break 89.35 level, to rebound bullishly and reach 92.55 level, hinting heading to stop the bearish correction and resume the main bullish trend again, and it needs to breach 92.70 to confirm the continuation of the bullish rally and test 95.55 level as a next positive target.
Therefore, the bullish tbias will be suggested on the intraday and short term basis, noting that breaking 89.35 will stop the expected rise and press on the price to achieve more bearish correction.
The expected trading range for today is between 90.40 support and 93.50 resistance.
The expected trend for today: Bullish
Origin: Economies
