Brent Oil Price Analysis
Expected Scenario
- Brent oil price keeps its stability above 87.67$ level, and didn’t show any strong move since morning.
- Stochastic begins to overlap positively now, waiting to motivate the price to resume the bullish trend in the upcoming sessions.
- Our next target is located at 90.85$.
- Breaking 87.67$ will stop the bullish wave and put the price under the correctional bearish pressure again.
Expected Trading Range
Between 87.00$ support and 90.00$ resistance.
Trend Forecast: Bullish