Brent oil price soared yesterday after leaning on 98.00 level, to record historical rises, starting today with more strong rise to reach 109.50$ per barrel barrier, and the way is open to continue the positive trades in the upcoming sessions, noting that we expect to visit 115.50 as a next main station.
The EMA50 supports the expected rise, noting that breaking 106.15 will put the price under temporary correctional bearish pressure before resuming the bullish bias again.
The expected trading range for today is between 107.50 support and 115.00 resistance.
The expected trend for today: Bullish
