Brent oil price breached 115.10 level strongly to rally upwards and approaches our first waited positive target at 117.00, expecting the continuation of the bullish trend domination to head towards our next station that reaches 121.30.
Therefore, the bullish trend scenario will remain valid and active on the intraday and short term basis, noting that holding above the support base formed above 115.10 is important to achieve the suggested targets.
The expected trading range for today is between 115.00 support and 119.00 resistance.
Origin: Economies
