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Brent oil price continues its consolidation above the $87.67 level, showing signs of positive trading that support expectations of further increases on an intraday and short-term basis. The anticipated targets are set at $89.30, followed by $89.95.
The current negativity indicated by the stochastic oscillator might lead to some sideways fluctuations before the expected rise resumes. However, this outlook remains valid as long as the price stays above $87.25.
Expected Trading Range
Support: $86.50
Resistance: $89.50
Related topics:
Brent Oil Price Trends Higher Amid Bullish Channel Support
Brent Oil Price Holds Above Key Support Amid Positive Signals
