Brent oil price resumed its positive trading clearly after consolidating above 83.50 level in the previous sessions, to approach our waited target at 85.00$ barrier, reinforcing the expectations of continuing the main bullish trend, which its targets extend to reach 87.65 after surpassing the previous level.
The EMA50 keeps supporting the suggested bullish wave and protects trading inside the bullish channel that appears on the chart, noting that breaking 83.50 will stop the bullish trend and push the price to turn to decline.
The expected trading range for today is between 83.00 support and 86.00 resistance.
The expected trend for today: Bullish
Origin: Economies
