Brent oil price attempted to breach 115.10 level yesterday, but it faced 116.00 barrier and declined strongly to reach the EMA50 that forms solid support barrier against the price, to witness positive trades and attempts to recover now, which encourages us to suggest the bullish bias in the upcoming sessions, waiting to test 115.10 level again, noting that breaching it will push the price to 117.30 as a next station.
Therefore, the bullish bias will be expected for today conditioned by the price stability above 112.00.
The expected trading range for today is between 111.00 support and 116.00 resistance.
The expected trend for today: Bullish