Evening update analysis for Brent price 20-02-20240

Economies.com
2024-02-20 16:15PM UTC

Brent oil price faces strong negative pressure to break 82.70 and settle below it, which pushes the price to achieve more expected decline in the upcoming sessions, noting that surpassing the EMA50 will lead the price to visit 81.00 mainly, while consolidating above 82.20 will lead the price to recover and test 83.87 level again.

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