Midday update for Brent oil 17-08-2022
Economies.com
2022-08-17 09:59AM UTC
Brent oil price shows new negative trades to trade below 94.00 level, reinforcing the expectations of continuing the bearish trend for the rest of the day, opening the way to head towards 92.00 that represents our next target, noting that breaching 96.20 will stop the expected decline and lead the price to start correctional bullish wave.
The expected trading range for today is between 92.50 support and 96.20 resistance.
The expected trend for today: Bearish
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