Brent Oil Price Analysis
Expected Scenario
- Brent oil price shows additional positive trades to surpass 89.00$ barrier and settles above it.
- This reinforces the expectations of continuing the bullish trend in the upcoming sessions.
- We are waiting to visit 91.35$ followed by 92.35$ levels as next main targets.
- Holding above 87.67$ represents a key condition for the continuation of the bullish wave, as breaking it will put the price under the correctional bearish pressure again.
Expected Trading Range
Between 87.70$ support and 90.70$ resistance.
Trend Forecast: Bullish