Brent oil price consolidates above the support – Analysis - 22-09-2023
2023-09-22 04:17AM UTC

Brent oil price bounced upwards strongly yesterday after the attempt to break 92.74 level, to reach 94.65 areas, which leads the price to turn to rise and head to resume the main bullish trend again, and we expect to target 94.80 followed by 96.05 levels in the upcoming sessions.


Therefore, the bullish trend will be suggested for today, supported by the positivity of the technical indicators, taking into consideration that breaking 92.74 will stop the expected rise and push the price to return to the correctional bearish track.



The expected trading range for today is between 92.74 support and 95.70 resistance.


The expected trend for today: Bullish

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