Brent oil price rallied upwards strongly yesterday to breach 110.10 and open the way to resume the bullish wave that started from 105.00 areas, waiting for more rise to test 115.10 as a next main target.
Therefore, the bullish bias will be expected for the upcoming period, and breaching the EMA50 reinforces the positive overview, noting that the continuation of the bullish wave requires holding above 110.10.
The expected trading range for today is between 110.70 support and 115.10 resistance.
The expected trend for today: Bullish