Brent oil price rallied upwards to succeed surpassing 85.10 and achieve the second target at 86.00, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, noting that we are waiting for more gains that reach 86.85 followed by 88.20., APA reports citing Economies.com
The EMA50 supports the price from below, reinforcing the chances of achieving more rise in the upcoming sessions, while stochastic forms negative pressure that might force the price to fluctuate in sideways range temporarily.
The expected trading range for today is between 84.00 support and 87.00 resistance.