Midday update for Brent oil 30-01-2023

Economies.com
2023-01-30 10:47AM UTC

Brent oil price shows some additional bearish bias to approach 85.10 support line, which represents one of the sideways range’s lines that dominates the intraday trades besides 88.20 resistance, to keep the sideways scenario valid until confirming surpassing one of these levels followed by detecting the next targets.

 

Note that the details of the expected targets after the breach are explained in our morning issued report.

 

The expected trading range for today is between 84.50 support and 88.00 resistance.

 

The expected trend for today: Sideways

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