Midday update for Brent oil 16-06-2022
Economies.com
2022-06-16 09:12AM UTC
Brent oil price fluctuates with slight negativity since morning, waiting to activate the negative effect of the double top pattern to rally towards our negative targets that start at 115.10 and extend to 110.10 as next main stations, reminding you that the continuation of the bearish wave depends on the price stability below 119.25 and 121.30 levels.
The expected trading range for today is between 114.50 support and 119.50 resistance.
The expected trend for today: Bearish
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