Brent oil price provides positive trades since yesterday to approach 83.87 level again, waiting to breach this level to confirm extending the bullish wave on the intraday and short-term basis, as we expect to target 85.55 areas on the near-term basis.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, and the price needs to consolidate above 82.70 as a key condition to achieve the waited targets, as breaking it will push the price to turn to decline and head to visit 81.00 as a main negative target.
The expected trading range for today is between 82.30 support and 85.20 resistance.
The expected trend for today: Bullish
Origin: Economies
