Brent oil price still stable around 105.05 level, and continues to face the negative factors, to continue with our neutrality until the price confirms its situation according to this level to detect the next targets clearly.
We remind you that the consolidation below this level will lead the price to achieve negative targets that start at 98.85, while stepping above it will push the price to start new bullish wave that that targets visiting 110.05 areas on the near term basis.
The expected trading range for today is between 102.00 support and 107.50 resistance.
The expected trend for today: Neutral
Origin: Economies
