Midday update for Brent oil 25-10-2021

Economies.com
2021-10-25 09:50AM UTC

Brent oil price hovers around 85.55 level, and we still waiting to breach this level to confirm the continuation of the main bullish trend, as the next main target is located at 88.00.

 

In general, we will continue to suggest the bullish trend for the upcoming period unless breaking 84.40 and holding below it.

 

The expected trading range for today is between 84.00 support and 87.00 resistance.

 

The expected trend for today: Bullish

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