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Brent oil price confirms the breach – Analysis - 13-09-2023
Brent oil price continued to rise to breach 91.50 level clearly and settles above it, which leads the price to continue the rise on the intraday and short-term basis, organized by the bullish channel that appears on the chart, noting that the next target reaches 94.25.
The EMA50 provides the positive support to the price to reinforce the expectations to rise in the upcoming sessions, which will remain valid unless breaking 91.50 and holding with a daily close below it.
The expected trading range for today is between 91.00 support and 94.00 resistance.
The expected trend for today: Bullish
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