Brent oil price rallied upwards strongly by today’s open to reach the thresholds of the waited target at 110.05, and we expect the continuation of the bullish bias to surpass this level and achieve more positive targets that reach 115.10.
Therefore, the bullish trend scenario will remain valid and active on the intraday and short term basis conditioned by the price stability above 105.05.
The expected trading range for today is between 107.00 support and 114.00 resistance.
The expected trend for today: Bullish
Origin: Economies
