Brent oil price resumes the rise – Analysis - 25-05-2022

2022-05-25 04:10:22 GMT (Economies.com)
 

Brent oil price continues to rise, and surpassed 112.00 barrier to support the continuation of the positive scenario on the intraday and short term basis, and we believe that the way is open to achieve our main waited target at 115.10.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid unless breaking 110.05 and holding with a daily close below it.

 

The expected trading range for today is between 110.05 support and 115.50 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0535
0.0094
0.8994%
1.2293
0.0245
2.0329%
23.157
1.801
8.433%
81.475
7.046
9.467%
85.86
-1.02
1.17%
1795.560
45.085
2.576%
 
 
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