Brent oil price traded with clear positivity to move away from 105.05 level, to activate the positive scenario on the intraday basis, on its way to visit 110.05 level initially, noting that breaching this level will extend the bullish wave to reach 115.10 areas on the near term basis.
Holding above 105.05 is important to continue the expected rise, as breaking it will press on the price to decline again and head to achieve negative targets that reach 98.85.
The expected trading range for today is between 105.00 support and 110.05 resistance.
The expected trend for today: Bullish
Origin: Economies
