Brent oil price surpasses the resistance – Analysis - 27-01-2023
4 months ago

Brent oil price confirmed breaching 86.90 level to head towards achieving expected gains in the upcoming sessions, targeting testing 88.20 level mainly, being aware that it is important to monitor the price at this level, as breaching it will extend the bullish wave to reach 89.90 as a next target, while consolidating against the bullish bias will press on the price to decline again.


On the other hand, we should note that breaking 86.90 will stop the suggested positive scenario and press on the price to head towards 85.10 direct.


The expected trading range for today is between 86.00 support and 89.50 resistance.


The expected trend for today: Bullish

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