Brent oil price found solid resistance at 114.00 barrier, to show negative trades and reach the intraday bullish channel’s support line, waiting to get positive momentum that assist to push the price to resume the main bullish trend, which targets 115.10 mainly.
On the other hand, we should note that facing additional negative pressure and breaking 110.05 will stop the suggested positive scenario and force the price to turn to decline.
The expected trading range for today is between 109.50 support and 115.00 resistance.
The expected trend for today: Bullish
Origin: Economies
