Brent oil price touched our first waited target at 78.90 and found solid support there, to rebound upwards clearly and head towards resuming the main bullish wave, as the price is organized inside the bullish channel that appears on the chart, waiting for more rise in the upcoming sessions to test 80.96 initially.
Therefore, the bullish trend will be expected in the upcoming sessions, and breaching the mentioned level will push the price to 82.00 as a next positive target, while the expected rise will remain valid unless breaking 78.90 and holding below it.
The expected trading range for today is between 79.00 support and 82.00 resistance.
The expected trend for today: Bullish
Origin: Economies
