Brent oil price managed to touch our first waited target at 83.50 and finds solid resistance there, to show some slight bearish bias now, affected by stochastic negativity, waiting to get positive motive that assist to push the price to resume the positive trades and breach the mentioned level to open the way to head towards 85.00 as a next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 82.00 will stop the expected rise and push the price to visit 81.50 followed by 80.96 areas before any new attempt to rise.
The expected trading range for today is between 82.00 support and 85.00 resistance.
The expected trend for today: Bullish
Origin: Economies
