Brent oil price declines again – Analysis - 22-09-2022
Economies.com
2022-09-22 04:05AM UTC
Brent oil price bounced downwards strongly after attacking 93.30 level yesterday, to touch 90.20 level and presses negatively on it, waiting to break this level to open the way to continue the decline and head towards 88.25 as a next main target.
Therefore, we expect to witness more decline in the upcoming sessions supported by the negative pressure formed by the EMA50, taking into consideration that failing to break 90.20 will push the price to attempt to recover and head to test 93.30 areas again.
The expected trading range for today is between 88.20 support and 92.20 resistance.
The expected trend for today: Bearish
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