Midday update for Brent oil 08-12-2023

Economies.com
2023-12-08 10:36AM UTC

Brent oil price attempted to breach 75.60 level but it returned to fluctuate below it again, which keeps the main bearish trend scenario valid for the upcoming period, reminding you that our waited targets begin at 72.70 and extend to 71.70.

 

Note that surpassing 75.60 and holding above it will push the price to achieve gains that reach 77.44 before determining the next destination.

 

The expected trading range for today is between 73.80 support and 76.50 resistance.

 

The expected trend for today: Bearish

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