Brent oil price surpasses the resistance – Analysis - 30-05-2023
Economies.com
2023-05-30 04:11AM UTC
Brent oil price starts today with clear positivity to breach 76.80 level and attempts to hold above it, to hint heading to achieve expected rise in the upcoming sessions, targeting 78.90 level mainly.
Therefore, the bullish bias will be expected for today, supported by the technical indicators that provide clear positive signals, noting that failing to consolidate above 76.80 will stop the suggested rise and push the price to test 75.80 level initially.
The expected trading range for today is between 75.80 support and 78.90 resistance.
The expected trend for today: Bullish
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