Brent oil price shows bullish bias to approach our waited target at 80.65$, and we suggest breaching this level to achieve additional gains that reach 82.15$, supported by the EMA50 that carries the price from below.
Therefore, we will continue to suggest the bullish trend for the upcoming period, it might be preceded by some temporary sideways fluctuation affected by stochastic negativity, waiting to gather positive momentum that assist to push the price to achieve the expected targets, taking into consideration that breaking 79.70$ will stop the suggested rise and push the price to test 78.80$ initially.
The expected trading range for today is between 79.10$ support and 82.00$ resistance.
Trend forecast: Bullish
Origin: Economies
