Brent oil price managed to touch our negative target mentioned in our last report at 110.05 and bounced upwards from there, to reach 115.10 level now, and we expect to surpass this level to achieve more expected gains in the upcoming sessions, as stochastic provides positive signals that reinforce the chances of continuing the rise on the intraday basis.
Therefore, the bullish trend will be suggested for today conditioned by the price stability above 110.05, noting that our next main target reaches 121.30.
The expected trading range for today is between 112.00 support and 117.50 resistance.
The expected trend for today: Bullish
Origin: Economies
