Brent oil price succeeded to touch our waited target at 80.96 and attempts to breach it, moving within the bullish channel that appears on the chart, which supports the chances of surpassing the mentioned level and open the way to achieve additional gains that reach 82.00.
Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50, noting that failing to surpass 80.96 will push the price to turn to decline and head to test 78.90 areas before any new attempt to rise.
The expected trading range for today is between 79.60 support and 82.70 resistance.
The expected trend for today: Bullish
Origin: Economies
