Brent oil price achieves strong gains – Analysis - 29-11-2022
Economies.com
2022-11-29 04:47AM UTC
Brent oil price’s decline stopped at 80.90 level, to rebound upwards strongly and achieve bullish correction for the decline that started from 101.19 areas, on its way to achieve additional gains that we expect to reach 87.25 areas, noting that breaching this level will extend the bullish wave to reach 88.65.
Therefore, the bullish bias will be expected for the upcoming period unless breaking 83.90 and holding below it.
The expected trading range for today is between 84.00 support and 87.50 resistance.
The expected trend for today: Bullish
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