Brent oil price hits the target – Analysis - 23-06-2022
Economies.com
2022-06-23 04:32AM UTC
Brent oil price managed to touch our main waited target at 105.05 and bounced upwards strongly to test the key resistance 110.10, noticing that the price declined again to approach 105.05 level, to hint the continuation of the negative pressure on the intraday and short term basis, waiting to break the last level to open the way to extend the bearish wave towards 101.65 followed by 98.85 levels as next negative stations.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 110.10 and holding above it.
The expected trading range for today is between 103.50 support and 110.00 resistance.
The expected trend for today: Bearish
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