Brent oil price fluctuates near the key support 110.05 and keeps its consolidation above it, which keeps the bullish trend scenario active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to rally towards 115.10 as a next main target.
We should note that breaking 110.05 will press on the price to turn to decline and head to achieve negative targets that reach 105.05 mainly.
The expected trading range for today is between 109.00 support and 114.00 resistance.
The expected trend for today: Bullish