Brent oil price rallied upwards strongly after failing to break 110.10 level, to head towards testing 115.10 as a first positive station, making the bullish bias suggested in the upcoming sessions, noting that breaching this level will extend the bullish wave to reach 118.00 areas.
On the other hand, we should note that breaking 112.30 will stop the suggested positive scenario and press on the price to decline again, to attack 110.10 level initially.
The expected trading range for today is between 111.00 support and 117.00 resistance.
The expected trend for today: Bullish