Brent oil price breaks strongly – Analysis - 28-11-2022
Economies.com
2022-11-28 04:41AM UTC
Brent oil price bounced downwards sharply to break 83.57 and approaches 81.00 barrier by today’s open, to turn to decline and heads towards achieving more expected negative targets in the upcoming period, on its way to visit 80.40 followed by 79.35 levels as next main stations.
Therefore, we expect the continuation of the bearish bias domination on the intraday and short term basis unless the price managed to breach 83.57 and hold above it.
The expected trading range for today is between 79.50 support and 83.00 resistance.
The expected trend for today: Bearish
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