Brent oil price keeps its positive stability – Analysis - 05-12-2022
Economies.com
2022-12-05 04:46AM UTC
Brent oil price texted the key support base 85.70 and kept its stability above it, to resume its positive trades by today’s open, moving within minor bearish channel that we believe it forms bullish flag pattern, which supports the continuation of the correctional bullish trend in the upcoming sessions, waiting to visit 38.2% Fibonacci correction level at 88.67 as a next target.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 85.70.
The expected trading range for today is between 85.20 support and 89.00 resistance.
The expected trend for today: Bullish
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