Brent oil price provided clear positive trades to reach 107.00$ barrier, reinforcing the expectations of continuing the bullish trend, and the way is open to continue the rise to achieve our waited target at 109.60, noting that breaching this level will extend Brent oil price to reach 115.50 areas on the short term basis.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that holding above 105.50 represents initial condition to continue the bullish wave.
The expected trading range for today is between 105.00 support and 110.00 resistance.
The expected trend for today: Bullish
Origin: Economies
