Midday update for Brent oil 05-12-2023

Economies.com
2023-12-05 10:35AM UTC

Brent oil price shows clear positive trading, to attack the critical resistance at 79.20, affected by stochastic positivity, which requires being aware from the upcoming trading, where confirming breaching this level represents the key for continuing the rise and head towards testing 81.00 level as a next main target, while holding below it is required for resuming the bearish trend that its targets begin at 77.44 and extend to 76.00 after breaking the previous level. 

 

 

 

The expected trading range for today is between 76.50 support and 79.50 resistance. 

 

 

 

The expected trend for today: Bearish 

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