Brent oil price shows some bearish bias now, affected by stochastic negativity, and as long as the price is above 87.00, our bullish overview will remain valid for the upcoming period, as breaking this level will press on the price to turn to decline and head towards 84.20 areas on the near term basis, while the waited positive targets begin at 88.80 and extend to 90.00.
The expected trading range for today is between 86.50 support and 89.30 resistance.
The expected trend for today: Bullish