Midday update for Brent oil 02-12-2022

Economies.com
2022-12-02 10:14AM UTC

Brent oil price continues to fluctuate around the EMA50, while stochastic begins to provide positive signals now, waiting to assist to push the price to resume the expected bullish trend for today, which depends on the price stability above 85.70, while its first target is located at 88.67.

 

The expected trading range for today is between 85.70 support and 89.50 resistance.

 

The expected trend for today: Bullish

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