Brent oil price breached 81.40$ level strongly to rally upwards and approach the second suggested positive target at 82.74$, noticing that the price begins today with slight bearish bias affected by stochastic negativity, and it might test the support base formed at 81.40$ before turning back to rise again.
Holding above the mentioned support line supports the chances of continuing the bullish trend in the upcoming sessions, to suggest the bullish bias for today and wait to breach 82.74$ to open the way to head towards 84.10$, noting that breaking 81.40$ will stop the positive scenario and push the price to decline again.
The expected trading range for today is between 79.80$ support and 83.80$ resistance.
Trend forecast: Bullish
Origin: Economies
