Commodities

Midday update for Brent oil 01-07-2022

2022-07-01 09:17:52 GMT (Economies.com)

Brent oil price shows clear positive trades to attack 110.10 level and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the morning suggested negative scenario and lead the price to achieve gains that start at 111.95 and extend to 115.10, while the price needs to consolidate below 110.10 to resume the bearish trend that its next target located at 105.05.

 

The expected trading range for today is between 105.50 support and 112.00 resistance.

 

The expected trend for today: Bearish

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