Midday update for Brent oil 26-05-2023

1 week ago

Brent oil price trades positively to approach the sideways range’s resistance at 76.80, and the sideways move scenario still valid until confirming breaching one of the mentioned range’s lines represented by the mentioned resistance and 74.30 support line followed by detecting the next destination clearly.


To review the details of the expected targets after the breach, please check our morning issued report.


The expected trading range for today is between 74.00 support and 77.70 resistance.


The expected trend for today: Sideways

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