Technical analysis: Brent maintains bullish trend

July 14th, Economies analysts’ latest views today: Brent crude oil prices rose strongly, breaking through and stabilizing above 80.96, which confirms the continuation of the bullish trend and opens up a path for further gains. We expect prices to Reached 82.00.

Note that moving above this level would make 83.50 the next major target. Therefore, we continue to recommend a bullish outlook going forward, the price needs to stay above 80.96 to ensure the continuation of the ascending channel, a break below this level will put the price under negative pressure which may put the price on any new attempt to rise Previously tested 78.90.

Today’s expected trading range is between 80.20 support and 83.20 resistance.