Brent oil price surpasses the target – Analysis - 07-12-2022
Economies.com
2022-12-07 04:52AM UTC
Brent oil price traded with strong negativity yesterday to surpass our waited target at 80.93 and settles below 80.00$ barrier, to support the chances of continuing the domination of the bearish trend on the intraday and short term basis, on its way to achieve more negative targets that we expect to reach 77.20 areas.
Therefore, we continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 80.90 – 81.20 levels and hold above them.
The expected trading range for today is between 77.50 support and 80.90 resistance.
The expected trend for today: Bearish
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