Brent oil price traded with strong positivity yesterday after breaching 110.05 level, to achieve our waited target at 115.10, and breaches this level now to open the way to extend the bullish wave on the intraday and short term basis, noting that the next station reaches 121.30.
Therefore, we are waiting for more expected rise in the upcoming sessions, noting that breaking 115.10 and holding below it will press on the price to achieve some intraday bearish correction before resuming the expected bullish trend.
The expected trading range for today is between 113.00 support and 120.00 resistance.
The expected trend for today: Bullish
Origin: Economies
