Midday update for Brent oil 12-05-2022
Economies.com
2022-05-12 09:18AM UTC
Brent oil price trades with clear negativity to attack 105.05 level and moves below it, reinforcing the expectations of continuing the bearish trend efficiently for the rest of the day, paving the way to achieve our negative targets that start at 102.75 and extend to 98.85, taking into consideration that holding below 105.05 is required to achieve the suggested targets.
The expected trading range for today is between 102.00 support and 107.00 resistance.
The expected trend for today: Bearish
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