Expected Scenario
Brent oil price returns to rise after the sideways fluctuation that it witnessed in the previous sessions, as it succeeded to achieve our first waited target at 85.80$. The price is waiting to resume the positive trades within the bullish channel that appears on the chart to reach our next target at 87.67$.
Therefore, the bullish trend scenario will remain active for the upcoming period. Breaking 84.77$ will stop the expected rise and push the price to turn to decline.
Expected Trading Range
Between 84.40$ support and 87.40$ resistance.
