Brent oil price rallied upwards strongly yesterday to surpass our first target at 90.00 and approach the second waited target at 92.35, reinforcing the expectations of continuing the domination of the bullish trend on the intraday and short-term basis, noting that we expect to head towards 93.20 areas as a next main station.
Therefore, the bullish trend will remain valid and active for the upcoming period, noting that breaking 89.10 will stop the positive scenario and push the price to achieve some bearish correction before turning back to rise again.
The expected trading range for today is between 89.20 support and 92.30 resistance.
The expected trend for today: Bullish
Origin: Economies
