Brent oil price resumed its positive trading to reach 89.00$ barrier, reinforcing the expectations of continuing the bullish trend in the upcoming period, which its next target located at 90.00.
The EMA50 continues to support the suggested bullish wave, which its targets extend to 92.35 after surpassing the previous level, noting that stochastic negativity might cause some sideways fluctuation before resuming the expected rise.
Holding above 88.20 is important to continue the positive scenario, as breaking it will push the price to start correctional bearish wave on the intraday basis before turning back to rise again.
The expected trading range for today is between 87.55 support and 90.70 resistance.
The expected trend for today: Bullish
Origin: Economies
