Midday update for Brent oil 05-06-2023

Economies.com
2023-06-05 09:31AM UTC

Brent oil price trades with strong positivity to move away from 76.80 level and reach the thresholds of the waited target at 78.90, and the way seems open to continue the rise and surpass this level to open the way to rally towards 80.95 areas that represent the next positive station.

 

Therefore, the bullish trend will remain valid and active for today unless breaking 76.80 and holding below it.

 

The expected trading range for today is between 75.50 support and 78.90 resistance.

 

The expected trend for today: Bullish

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