Brent oil price ended last Friday above 115.10 level, but it opens today with clear negativity to attack this level, which keeps our neutrality valid until now, waiting to confirm the price situation according to the mentioned level followed by detecting the next targets clearly.
Note that the stability below 115.10 will put the price under additional negative pressure that targets visiting 110.05 areas on the near term absis, while stepping above it will motiatve the price to continue rising and head towards 121.30 as a next main positive target.
The expected trading range for today is between 111.00 support and 119.00 resistance.
The expected trend for today: Neutral
Origin: Economies
