Commodities

Midday update for Brent oil 24-05-2022

2022-05-24 09:21:52 GMT (Economies.com)

Brent oil price trades positively now to move away from 110.05, reinforcing the expectations of continuing the bullish trend for the rest of the day, supported by stochastic reach to the oversold areas, waiting for more rise that gets continuous support by the EMA50, targeting 115.10 level as a next station, reminding you that it is important to hold above 110.05 to continue the expected bullish trend.

 

The expected trading range for today is between 109.00 support and 114.00 resistance.

 

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The expected trend for today: Bullish

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