Brent oil price ended last Friday above 110.05, to stop the recently suggested negative scenario and head towards recovering on the intraday basis, and we expect to visit 115.10 level in the upcoming sessions.
Therefore, the bullish trend will be expected for today supported by the EMA50, noting that the continuation of the bullish wave depends on the price stability above 110.05.
The expected trading range for today is between 109.50 support and 115.00 resistance.
Origin: Economies
