Brent oil price awaits confirmation signal – Analysis - 25-11-2021

2021-11-25 05:16:32 GMT (Economies.com)
 

Brent oil price settles at the key level 80.80, and we still waiting to get confirmation signal for the next trend, as we continue to monitor the price behavior according to the mentioned level to detect the next targets clearly.

 

Note that breaking the mentioned support will press on the price to return to the correctional bearish track that its next main target located at 77.70, while breaching 81.75 will push the price to achieve new gains that start at 83.45 and extend to 85.80.

 

The expected trading range for today is between 79.50 support and 82.50 resistance.

 

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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