Brent oil price achieves strong gains – Analysis - 20-11-2023

Economies.com
2023-11-20 04:13AM UTC

Brent oil price rallied upwards sharply in the previous sessions to breach 81.00 level and settles above it, starting today with more rise to move away from this level and confirm the continuation of the bullish trend domination on the intraday basis, paving the way to achieve additional gains that start at 82.25 and extend to 83.87.

 

Therefore, we expect to witness more bullish bias in the upcoming sessions unless breaking 81.00 and holding below it.

 

The expected trading range for today is between 80.20 support and 83.30 resistance.

 

The expected trend for today: Bullish

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