Brent oil price suffers clear losses – Analysis - 25-01-2022
Economies.com
2022-01-25 05:20AM UTC
Brent oil price traded with strong negativity yesterday to break 87.00 and reach 84.20 level direct, noticing that the price formed double top pattern that makes us suggest witnessing more decline in the upcoming sessions, noting that breaking the last level will push the price to 82.80 followed by 81.35 levels as next negative stations.
Therefore, the bearish bias will be suggested for today unless breaching 86.70 and holding above it.
The expected trading range for today is between 84.00 support and 87.00 resistance.
The expected trend for today: Bearish
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