Midday update for Brent oil 29-11-2022
Economies.com
2022-11-29 11:18AM UTC
Brent oil price managed to breach 23.6% Fibonacci correction level and attempts to build support base above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, on its way to achieve our positive targets that start at 87.25 and extend to 88.65, noting that holding above 85.70 represents key condition to continue the expected rise.
The expected trading range for today is between 84.00 support and 87.50 resistance.
The expected trend for today: Bullish
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