Midday update for Brent oil 05-08-2022
Economies.com
2022-08-05 09:31AM UTC
Brent oil price shows slight bearish bias now, to support the continuation of the expected bearish trend scenario for today, which moves organized inside the bearish channel that has negative targets that reach 95.90 followed by 90.45, while the expected decline will remain valid unless the price rallied to breach 99.00 and hold above it.
The expected trading range for today is between 95.00 support and 99.20 resistance.
The expected trend for today: Bearish
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