Brent oil price soared in the previous sessions, starting today with additional rise to succeed reaching our main waited target at 85.10, expecting to face solid resistance there to show some temporary bearish bias, especially that stochastic moves within the overbought areas, waiting to get positive motive that assists to push the price to surpass this level and continue rising within the bullish channel that supports the chances to head towards 86.95 followed by 88.20 levels as next positive targets.
Therefore, we expect the continuation of the bullish bias in the upcoming sessions, noting that breaking 83.85 will stop the expected rise and press on the price to head towards 81.32 areas mainly.
The expected trading range for today is between 83.00 support and 86.70 resistance.
The expected trend for today: Bullish
Origin: Economies
