Midday update for Brent oil 08-08-2022

Brent oil price trades with clear negativity to start attacking 97.15 level, as it settles below it now, which supports the continuation of the expected bearish trend scenario efficiently for today, which targets 95.90 followed by 90.45 levels as next main stations, while holding below 100.95 represents initial condition to achieve the suggested targets.

The expected trading range for today is between 95.00 support and 99.50 resistance.

The expected trend for today: Bearish