Midday update for Brent oil 28-10-2021
Economies.com
2021-10-28 09:47AM UTC
Brent oil price achieved clear gains to surpass 82.70 level and approaches the most important resistance at 83.75, and as we mentioned this morning, the price needs to hold below this resistance to keep the bearish trend valid for today, as breaching it will push the price back to the main bullish track again, while the next negative target of the suggested bearish wave is located at 80.80.
The expected trading range for today is between 80.00 support and 83.50 resistance.
The expected trend for today: Bearish
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