Brent oil price suffers strong losses – Analysis - 06-12-2022
Economies.com
2022-12-06 04:46AM UTC
Brent oil price traded with sharp negativity after breaking 85.70 level, to stop the correctional bullish scenario and fall under more expected negative pressure in the upcoming sessions, to head towards visiting the recently recorded low at 80.93 as a next main target.
Therefore, the bearish bias will be suggested on the intraday basis, noting that breaching 84.00 will stop the current negative pressure and lead the price to attempt to recover and visit 85.70 as a first positive station.
The expected trading range for today is between 81.00 support and 84.85 resistance.
The expected trend for today: Bearish
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