Brent oil price faced good resistance at the EMA50 and managed to breach it, to confirm the continuation of the bullish wave and visit 110.05 mainly, as we suggest the domination of the bullish trend on the intraday basis, noting that breaching the mentioned level will extend the bullish wave to reach 115.10.
On the other hand, we should note that breaking 105.05 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 105.00 support and 111.00 resistance.
The expected trend for today: Bullish
Origin: Economies
