Brent oil price bounced upwards strongly yesterday to approach the main waited target at 81.00, showing sideways fluctuation now affected by stochastic negativity, waiting to get positive momentum that assist to push the price to resume the bullish bias and surpass the mentioned level to open the way to achieve additional gains that reach 83.87.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that failing to achieve the required breach will push the price to decline and head to test 77.44 areas again.
The expected trading range for today is between 78.70 support and 81.70 resistance.
The expected trend for today: Bullish
Origin: Economies
