Midday update for Brent oil 20-02-2024

Economies.com
2024-02-20 09:34AM UTC

Brent oil price crawls upwards to keep approaching 83.87 level, waiting to get positive motive that assist to push the price to surpass this level and open the way to rally towards our next positive target that reaches 85.55.

 

Therefore, the bullish trend scenario will remain valid and active unless breaking 82.70 and holding below it.

 

The expected trading range for today is between 82.30 support and 85.20 resistance.

 

The expected trend for today: Bullish

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