Midday update for Brent oil 21-03-2023

Brent oil price shows strong positive trades now to attack 74.14 level and attempts to hold above it, to hint the attempt to achieve more bullish correction, noting that holding above this level will push the price to 76.55 as a next positive station.

The price needs to trade below 74.14 again to revive the expected bearish trend on the intraday and short term basis, noting that the expected targets of the bearish wave begin at 72.15 and extend to 70.00.

The expected trading range for today is between 72.50 support and 75.20 resistance.

The expected trend for today: Bearish