Brent Oil Price Analysis
Expected Scenario
Brent oil price resumed its positive trading clearly to test 86.00$ barrier, confirming the continuation of the bullish trend domination on the intraday and short-term basis, and we believe that the way is open to achieve our next target at 87.67$.
The positive support provided by the EMA50 reinforces the expectations of continuing the bullish trend, while breaking 84.77$ will stop the bullish wave and push the price to start a bearish wave that targets 82.45$ areas on the near-term basis.
Expected Trading Range
Between 84.80$ support and 87.70$ resistance.
Trend Forecast: Bullish
