Brent oil price returns to rise – Analysis - 04-07-2022
Economies.com
2022-07-04 03:57AM UTC
Brent oil price couldn’t hold for long time below 110.10 level, to breach it and settle above it again, which leads the price to recover on the intraday basis, on its way to visit 115.10 as a main positive target.
Breaching 111.95 will ease the mission of rallying towards the mentioned positive target, while the expected rise will remain valid unless breaking 110.10 and holding below it again.
The expected trading range for today is between 109.00 support and 115.10 resistance.
The expected trend for today: Bullish
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