Midday update for Brent oil 04-08-2022

Economies.com
2022-08-04 13:04PM UTC

Brent oil price resumes its negative trading calmly to press on 100.00 barrier, waiting for more decline to confirm opening the way to head towards our next target at 95.90, to keep the bearish trend scenario active for today conditioned by the price stability below 102.25.

 

The expected trading range for today is between 97.50 support and 102.25 resistance.

 

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The expected trend for today: Bearish

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