Brent oil may bounce moderately into $103.66-$103.95 range before falling

Brent oil ICEEUR:BRN1! may bounce moderately into $103.66-$103.95 per barrel, before retesting a support at $102.18.A wave c from $107.81 has briefly travelled below its 100% projection level of $102.76. It is likely to extend into the range of $99.65-$100.84 formed by the 161.8% and the 138.2% lev…