Midday update for Brent oil 17-01-2022
Economies.com
2022-01-17 11:10AM UTC
Brent oil price crawls downwards to head towards potential test to the bullish channel’s support line, waiting to get positive motive that assist to push the price to resume the bullish trend that targets 86.60 as a next main station, noting that the continuation of the bullish wave depends on the price stability above 83.90.
The expected trading range for today is between 84.20 support and 87.00 resistance.
The expected trend for today: Bullish
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