Brent Oil Price Analysis
Expected Scenario
Brent oil price provided negative trades yesterday, testing the key support at 84.77$ and maintaining stability above it. Today, the price opened higher and attempts to move away from the mentioned level, supporting our bullish outlook for the upcoming period. We are targeting 87.67$ as the next main target.
The technical indicators provide clear positive signals that support the expected bullish trend, which will remain valid unless breaking 84.77$ and holding below it.
Expected Trading Range
Between 84.00$ support and 87.00$ resistance
Trend Forecast: Bullish
Origin: Economies
