Brent oil price approaches the target – Analysis - 25-05-2023
Economies.com
2023-05-25 04:06AM UTC
Brent oil price settles near the expected target at 78.90, waiting to get positive motive that assists to push the price to surpass this level and open the way to head towards our next positive station that reaches 80.95.
The EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 76.80, as breaking this level will put the price under negative pressure that its targets begin by visiting 74.30 areas.
The expected trading range for today is between 77.00 support and 80.00 resistance.
The expected trend for today: Bullish
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