Midday update for Brent oil 18-08-2022
Economies.com
2022-08-18 09:18AM UTC
Brent oil price rallied upwards strongly to breach 95.60 and heads to start expected bullish correction on the intraday basis, targeting visiting 97.95 followed by 100.00 levels as next positive stations, making the bullish bias suggested in the upcoming sessions as long as 95.60 level remains intact, as trading below it again will reactivate the main bearish scenario again.
The expected trading range for today is between 95.50 support and 98.50 resistance.
The expected trend for today: Bullish for the rest of the day
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