Midday update for Brent oil 07-12-2022

Economies.com
2022-12-07 11:03AM UTC

Brent oil price shows new negative trades to press on 78.00 barrier, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, waiting to visit 77.20 as a next main target, reminding you that the continuation of the bearish wave depends on the price stability below 80.90 – 81.20 levels.

 

The expected trading range for today is between 77.50 support and 80.90 resistance.

 

The expected trend for today: Bearish

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