Midday update for Brent oil 11-01-2022

Economies.com
2022-01-11 10:58AM UTC

Brent oil price trades with clear positivity to move away from 80.80 level, attempting to return to the bullish channel again, reinforcing the expectations of continuing the bullish trend for the rest of the day, and we believe that the way is open to achieve more gains that reach 84.55 as a next station, reminding you that it is important to hold above 80.80 to continue the expected rise.

 

The expected trading range for today is between 79.80 support and 82.50 resistance.

 

The expected trend for today: Bullish

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