Brent oil may extend gains into $114.74-$116.49 range

Brent oil ICEEUR:BRN1! may extend gains into a range of $114.74 to$116.49 per barrel, as suggested by a triangle and a projection analysis.The pattern indicated a target of $116.49, the 261.8% projection level of an uptrend from $97.11. The projection analysis reveals a lower target of $114.74, the…