Brent Oil Price Analysis Expected Scenario Brent oil price continues to exhibit bullish bias, nearing the awaited positive target at 84.77$. It faces resistance from the correctional bearish channels upper boundary but receives positive support from the EMA50. We anticipate the continuation of the bullish trend, with a breach of the target level extending the upward movement to 85.80$ and 86.90$ levels as subsequent positive stations. However, consolidation around 84.77$ may prompt a bearish rebound, leading the price to test the 82.40$ level. Expected Trading Range Between 83.00$ support and 86.00$ resistance.

Trend Forecast: Bullish