Brent oil price returned to rise yesterday and attempted to surpass 91.00 barrier, but it faces solid resistance there, to show some bearish bias now, and the price needs to get positive motive that assist to resume the bullish wave that its next targets located at 92.35 followed by 93.20.
Until now, the bullish trend scenario still active for the upcoming period as long as 89.10 level remains intact, as breaking this level represents negative factor that will push the price to turn to decline and test 88.20 areas initially before any new attempt to rise.
The expected trading range for today is between 89.50 support and 92.50 resistance.
The expected trend for today: Bullish
Origin: Economies
