Brent Oil May Extend Gains Toward $111.91-$112.99 per Barrel
A projection analysis suggests Brent could extend its uptrend toward $114.74 after briefly rising above $110.17.
Brent oil ICEEUR:BRN1! could extend its gains into the $111.91-$112.99 per barrel range, according to a projection analysis. The market briefly moved above $110.17, the 176.4% projection level for an uptrend from $97.11. The analysis indicates the uptrend could continue toward $114.74.