Brent Oil Price Analysis Expected Scenario Brent oil price is affected by stochastic negativity to show some bearish bias and press on the bullish channels support line, while the main bullish trend scenario still active as long as 84.77$ level remains intact, supported by the EMA50 that carries the price from below, reminding you that our main waited target reaches 87.67$. Expected Trading Range Between 84.80$ support and 87.70$ resistance.

Trend Forecast: Bullish