Brent Oil Price Analysis Expected Scenario Brent oil price returns to rise after the sideways fluctuation that it witnessed in the previous sessions, as it succeeded to achieve our first waited target at 85.80$. The price is waiting to resume the positive trades within the bullish channel that appears on the chart to reach our next target at 87.67$. Therefore, the bullish trend scenario will remain active for the upcoming period. Breaking 84.77$ will stop the expected rise and push the price to turn to decline. Expected Trading Range Between 84.40$ support and 87.40$ resistance.

Trend Forecast: Bullish