Midday update for Brent oil 26-01-2022
Economies.com
2022-01-26 11:47AM UTC
Brent oil price shows more bullish bias to approach 88.00 barrier, reinforcing the expectations of continuing the bullish trend for the rest of the day, supported by the EMA50 that carries the price from below, noting that breaching the targeted level will extend brent oil price gains to reach 90.00 areas, while the expected rise will remain valid unless breaking 86.05 and holding below it.
The expected trading range for today is between 85.50 support and 88.50 resistance.
The expected trend for today: Bullish
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