Brent Oil Price Analysis Expected Scenario Brent oil price hovers around the EMA50 that forms good resistance against the price, waiting to surpass this level to confirm extending the bullish wave towards 84.77$, to keep the bullish bias suggested for today. On the other hand, we should note that breaking 82.40$ will stop the suggested rise and push the price to resume the correctional bearish wave and head towards 80.08$ as a next negative target. Expected Trading Range Between 82.20$ support and 85.10$ resistance.

Trend Forecast: Bullish