Midday update for Brent oil 27-05-2022

Brent oil price didn’t show any strong move since morning, thus, no change to the bullish trend scenario that depends on the price stability above 114.00 as a first condition to continue the suggested rise, reminding you that we are waiting to breach 115.10 to confirm opening the way to head towards 117.00 followed by 121.30 levels.

The expected trading range for today is between 113.00 support and 117.50 resistance.

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The expected trend for today: Bullish