Brent oil price shows more bullish bias, to hint heading to achieve more rise in the upcoming period and build bullish wave on the intraday and short term basis, waiting to test 86.85 as a next positive target, noting that breaching this level will push the price to 89.00 areas as a next positive station.
Therefore, the bullish trend will be expected for today, and breaching 85.65 will ease the mission of achieving the suggested targets, noting that breaking 84.75 will stop the expected rise and put the price under intraday negative pressure that targets testing 82.90 areas before any new positive attempt.
The expected trading range for today is between 84.00 support and 87.30 resistance.
The expected trend for today: Bullish