Midday update for Brent oil 15-03-2023
Economies.com
2023-03-15 11:07AM UTC
Brent oil price provides clear negative trades to succeed surpassing 77.50 and confirm opening the way to head towards 75.18, to keep the bearish trend scenario valid and active for today unless the price rallied to breach 79.60 and hold above it.
Note that the continuation of the decline and breaking the targeted level will extend the bearish wave to reach 74.00 areas as a next main station.
The expected trading range for today is between 75.40 support and 77.30 resistance.
The expected trend for today: Bearish
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