Midday update for Brent oil 22-07-2021
Economies.com
2021-07-22 09:46AM UTC
Brent oil price trades with clear positivity now to attack 72.75, which urges caution from the upcoming trading, as the price needs to consolidate below this level to keep the negative scenario active for today, noting that breaching it will lead the price to achieve additional gains that reach 74.70 initially, while the price needs to rebound bearishly and break 72.30 to reinforce the expectations of continuing the bearish trend that its first target located at 71.20.
The expected trading range for today is between 70.00 support and 73.50 resistance.
The expected trend for today: Bearish
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