Brent oil price breaks the support – Analysis - 22-06-2022
Economies.com
2022-06-22 04:20AM UTC
Brent oil price declined strongly to break 110.10 level and settles below it, which stops the recently suggested positive scenario and press on the price to turn to decline, to head towards 105.05 areas mainly.
Therefore, we expect to witness more decline in the upcoming sessions unless the price rallied to breach 110.10 and hold above it again.
The expected trading range for today is between 105.50 support and 111.00 resistance.
The expected trend for today: Bearish
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