Brent oil price faced strong negative pressure yesterday to touch 90.85 level, noticing that the price consolidates above the main bullish channel’s support line, accompanied by witnessing positive signals through stochastic, waiting to resume the bullish trend and achieve gains that start by visiting 93.50 and extend to 95.50 areas.
On the other hand, we should note that breaking 91.10 will stop the expected rise and press on the price to suffer more losses on the intraday and short term basis.
The expected trading range for today is between 90.40 support and 93.50 resistance.
The expected trend for today: Bullish