Midday update for Brent oil 20-09-2023
Economies.com
2023-09-20 09:07AM UTC
Brent oil price resumes its negative trading now, to approach our first waited correctional target at 92.74, and we suggest the continuation of the negative pressure to break this level and open the way to head towards the next correctional station that extends to 90.70.
Therefore, we are waiting for more expected decline for the rest of the day unless the price managed to breach 94.10 and hold above it.
The expected trading range for today is between 91.80 support and 94.90 resistance.
The expected trend for today: Bearish
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