Midday update for Brent oil 25-01-2023

Brent oil price shows sideways trades since morning, waiting to resume the bearish bias to test 85.10 level as a next negative station, which breaking it represents the key to rally towards achieving new negative targets that start at 83.70 and extend to 82.00, taking into consideration that the continuation of the bearish wave depends on the price stability below 86.90.

The expected trading range for today is between 85.00 support and 88.00 resistance.

The expected trend for today: Bearish