Brent oil price achieves big negative targets – Analysis - 06-07-2022
Economies.com
2022-07-06 04:10AM UTC
Brent oil price declined sharply yesterday after surpassing 110.10 level, to break 105.05 and settles below it, opening the way to suffer more losses in the upcoming period, noting that the next station reaches 98.85.
Therefore, we expect to witness more expected decline on the intraday and short term basis, taking into consideration that the continuation of the bearish wave requires holding below 105.05.
The expected trading range for today is between 98.00 support and 105.00 resistance.
The expected trend for today: Bearish
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