Midday update for Brent oil 06-06-2023
Economies.com
2023-06-06 09:11AM UTC
Brent oil price declines strongly again to surpass our first waited target at 75.70 and confirm the continuation of the bearish trend domination for the rest of the day, and the way is open to visit 74.30 as a next target, noting that breaking this level will push the price to suffer additional losses that reach 72.75 areas.
Therefore, we will continue to suggest the bearish trend for the upcoming sessions conditioned by the price stability below 76.80.
The expected trading range for today is between 74.00 support and 76.50 resistance.
The expected trend for today: Bearish
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