Brent oil price gets a negative signal – Analysis - 26-01-2023
Economies.com
2023-01-26 05:12AM UTC
Brent oil price continues to fluctuate within sideways track, settling around 86.00 level, noticing that stochastic begins to overlap negatively now, waiting to motivate the price to resume the expected bearish wave on the intraday basis, which its targets begin at 85.10 and extend to 83.70 after breaking the previous level.
Therefore, our bearish overview will remain valid unless breaching 86.90 and holding above it.
The expected trading range for today is between 84.30 support and 87.50 resistance.
The expected trend for today: Bearish
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