Brent oil price breached 83.87 level clearly and ended last Friday above it, to activate the positive scenario on the intraday and short-term basis, and we suggest surpassing 85.00 barrier to open the way to achieve additional gains that reach 86.74.
Therefore, the bullish bias will be expected for the upcoming period, supported by the EMA50, taking into consideration that breaking 83.87 will stop the positive scenario and put the price within the sideways track again.
The expected trading range for today is between 83.00 support and 86.00 resistance.
The expected trend for today: Bullish
Origin: Economies
