Brent oil price provides new positive trades now to move away from 86.00$ barrier, which supports the continuation of the expected bullish trend on the intraday and short-term basis, waiting to test 87.67$ as a next target, which breaching it represents the key to rally towards 89.50$ as a next main station.
Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that it is important to hold above 84.77$ to achieve the waited targets.
The expected trading range for today is between 85.20$ support and 88.20$ resistance.
Trend forecast: Bullish
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Crude oil price continued to rise to confirm surpassing the sideways range’s resistance and resume the main bullish track, on its way to achieve positive targets that start by visiting 83.90$, noting that breaching it will push the price towards 84.90$ as a next positive target.
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