Brent oil price approaches the target – Analysis - 23-01-2023
Economies.com
2023-01-23 04:27AM UTC
Brent oil price shows more bullish bias to approach our waited target at 88.20, getting continuous positive support by the EMA50 to support the chances of surpassing this level and achieve additional rises that reach 89.65.
Therefore, we expect to witness more bullish bias on the intraday and short term basis, reminding you that holding above 85.10 represents key condition to continue the bullish wave.
The expected trading range for today is between 86.00 support and 89.00 resistance.
The expected trend for today: Bullish
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