Brent oil price resumes the decline – Analysis - 23-09-2022
Economies.com
2022-09-23 04:05AM UTC
Brent oil price’s rise stopped near the key resistance 93.30, to rebound downwards strongly and reach 90.20 level again, to revive the main bearish trend scenario and head to achieve more expected decline in the upcoming period, waiting to break 90.20 to confirm opening the way to head towards 88.25 as a next negative station.
Therefore, the bearish bias will be suggested in the upcoming sessions unless the price rallied to breach 93.30 and hold above it.
The expected trading range for today is between 88.00 support and 92.00 resistance.
The expected trend for today: Bearish
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