Brent oil price tests the bullish channel’s resistance now, waiting to breach this resistance to confirm extending the bullish wave and head towards 96.80 that represents our next positive station.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 94.05.
The expected trading range for today is between 93.80 support and 96.80 resistance.
The expected trend for today: Bullish