Brent oil price bounced upwards strongly after testing 81.00 level in the previous sessions, to reach 83.00 barrier and hint heading to achieve more rise on the intraday basis, targeting testing 83.87 as a next main station.
Therefore, we expect to witness additional positive trades in the upcoming sessions, supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave depends on the price stability above 81.00.
The expected trading range for today is between 81.60 support and 84.60 resistance.
The expected trend for today: Bullish
Origin: Economies
