Midday update for Brent oil 17-03-2023

2 weeks ago

Brent oil price faces solid resistance at 75.18 and continues to fluctuate around it, and our neutrality still valid until we get clearer signal for the next trend, to continue monitoring the price according to this level.


We remind you that consolidating below it will push the price to decline again and head towards 73.35 followed by 72.00 levels, while surpassing it followed by breaching 75.45 will push the price to achieve gains that start by visiting 77.65 areas.


The expected trading range for today is between 73.70 support and 77.20 resistance.


The expected trend for today: Neutral

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