Brent oil price presses on the support – Analysis - 11-01-2022

Economies.com
2022-01-11 04:49AM UTC

Brent oil price attempted to break 80.80 but it keeps its stability above it until now, to keep the bullish trend scenario valid and active until now, supported by stochastic positivity, waiting to head towards 84.55 that represents our next main station.

 

The EMA50 supports the expected rise, which depends on the price stability above 80.80.

 

The expected trading range for today is between 79.80 support and 82.50 resistance.

 

The expected trend for today: Bullish

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