Midday update for Brent oil 22-09-2022

Brent oil price shows clear bullish bias now to move away from 90.20 level, to hint heading to visit 93.30 areas initially, which urges caution from the upcoming trading and makes us prefer to stay aside until we get clearer signal for the next trend, noting that the continuation of the rise and breaching 93.30 will push the price to achieve additional gains on the intraday and short term basis, while breaking 90.20 will revive the main bearish trend that its next target located at 88.25.

The expected trading range for today is between 89.00 support and 93.00 resistance.

The expected trend for today: Neutral