Commodities

Midday update for Brent oil 26-11-2021

2021-11-26 10:22:36 GMT (Economies.com)

Brent oil price suffered strong losses to surpass our waited target at 77.70 and heads to achieve more expected decline in the upcoming period, paving the way to head towards 75.20 as a correctional bearish target, noting that breaking 76.20 is required to ease the mission of achieving the mentioned target, while the expected decline will remain valid unless breaching 77.70 and holding above it.

 

The expected trading range for today is between 75.00 support and 78.00 resistance.

 

The expected trend for today: Bearish

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