Brent oil price bounced donwards sharply after approaching our waited target at 121.30, to test the key support 115.10, noticing that the price keeps its stability above it until now, accompanied by stochastic reach to the oversold areas, waiting to motivate the price to resume the positive trades in the upcoming sessions.
Therefore, the bullish bias will remain suggested for today unless breaking 115.10 and holding below it, noting that our waited targets begin at 119.00 and extend to 121.30.
The expected trading range for today is between 113.00 support and 118.50 resistance.
Origin: Economies
