Midday update for Brent oil 03-02-2023
Economies.com
2023-02-03 10:42AM UTC
Brent oil price trades positively now after consolidating above 81.30 level, to head towards achieving some intraday gains, noting that breaching 82.75 will lead the price to continue the rise and test 83.50 followed by 85.10 levels, while consolidating below it will push the price to decline again and attempt to break 81.30 level to open the way to rally towards 79.20 areas.
The expected trading range for today is between 80.00 support and 83.50 resistance.
The expected trend for today: Bearish
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