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Brent oil price achieves temporary gains – Analysis - 21-10-2022
Brent oil price attempted to breach 93.73 level but it closed yesterday below it, to keep the bearish trend valid until now, waiting to resume the negative trades to head towards 90.00 followed by 86.30 levels as next main targets.
Holding below 93.73 is important to continue the expected decline, as breaching it will stop the negative scenario and lead the price to achieve new gains that start by visiting 95.75 areas.
The expected trading range for today is between 90.70 support and 94.50 resistance.
The expected trend for today: Bearish
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