Brent oil price breaches the resistance – Analysis - 01-02-2023
Economies.com
4 months ago
Brent oil price rallied upwards strongly after reaching the thresholds of 83.00 barrier yesterday, to breach 85.10 and settles above it, which pushes the price to achieve expected additional gains in the upcoming period, on its way to visit 86.60 followed by 88.20 levels as next main stations.
Therefore, the bullish bias will be suggested for today, taking into consideration that breaking 85.10 and holding below it will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 84.20 support and 87.50 resistance.
The expected trend for today: Bullish
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