Midday update for Brent oil 24-06-2022

Brent oil price hovers around 107.00 level since morning, and as long as the price is below 110.10, our bearish overview will remain valid for today, supported by the EMA50 that continues to press negatively on the price, noting that our targets begin by attacking 105.05 to open the way to rally towards 101.65 followed by 98.85.

The expected trading range for today is between 103.00 support and 110.00 resistance.

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The expected trend for today: Bearish