Brent oil price breaks the support – Analysis - 26-11-2021

2021-11-26 05:12:21 GMT (Economies.com)
 

Brent oil price begins today with bearish gap and strong decline to break 80.80 and reach 79.00 barrier now, to reactivate the correctional bearish trend, on its way to achieve negative targets that start at 77.70, noting that breaking this level will extend the bearish wave to reach 75.20 as a next main station.

 

Therefore, the bearish bias will be suggested for today unless the price rallied to breach 80.80 and hold above it.

 

The expected trading range for today is between 77.50 support and 80.50 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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