Brent oil price shows good positive trades now to move away from the bullish channel’s support line, getting positive support by the EMA50 and stochastic, which reinforces the expectations of continuing the bullish trend in the upcoming period, which its first target located at 80.48, reminding you that breaching this level will extend Brent oil price gains to reach 82.90, while the price needs to hold above 77.90 to guarantee achieving the suggested targets.
Expected trading range for today is between 77.50 support and 80.50 resistance.
Expected trend for today: Bullish