Brent oil price touched our first waited target at 83.87 and found solid resistance there, to show some slight bearish bias, affected by stochastic negativity that gathers the positive momentum clearly, waiting to motivate the price to resume the expected bullish trend for the upcoming period, noting that surpassing the mentioned level will extend the bullish wave to reach 85.35.
On the other hand, we should note that breaking 82.70 will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 82.00 support and 85.00 resistance.
The expected trend for today: Bullish
Origin: Economies
