Brent oil price rallied upwards strongly after confirming breachin 105.05, to support the expectations of continuing the bullish trend, and the way is open to achieve our waited target at 110.05, which breaching it represents the key to rally towards more rise on the intraday and short term basis, as the next positive target reaches 115.10.
Therefore, we suggest the continuation of the bullish trend domination unless breaking 105.05 and holding below it again.
The expected trading range for today is between 106.00 support and 111.00 resistance.
The expected trend for today: Bullish
Origin: Economies
