Brent oil price suffers strong losses – Analysis - 24-11-2022
Economies.com
2022-11-24 04:03AM UTC
Brent oil price bounced downwards strongly to break 86.10 and reach the thresholds of the recently recorded low at 83.57, to fall under more expected negative pressure in the upcoming sessions, noting that breaking the last level will push the price to suffer additional losses that reach 80.00 barrier on the near term basis.
Therefore, the bearish bias will be suggested for the upcoming sessions unless the price managed to breach 86.70 and hold above it.
The expected trading range for today is between 83.00 support and 87.00 resistance.
The expected trend for today: Bearish
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