Expected Scenario: Bullish Trend
Brent oil price rallied upwards clearly yesterday, achieving the first awaited target at $87.40.
The price breached this level and closed positively above it, reinforcing the expectations of continuing the bullish trend domination.
Our next main target extends to $90.00.
Stochastic negativity might cause temporary sideways fluctuation before resuming the expected rise.
The bullish trend remains valid conditioned by price stability above $87.40.
Expected Trading Range for Today
Support: $86.20
Resistance: $89.30
Trend Forecast: Bullish
Origin: Economies
