Brent oil price begins with new positivity – Analysis – 11/10/2021

neft-l2Brent oil price shows new positive trades by today’s open to breach 83.20 level and reinforce the expectations of continuing the bullish trend, opening the way to head towards our next waited target at 84.00, and we expect the continuation of the bullish wave to head towards 86.45 areas as a next main station.

Therefore, the bullish trend will remain dominant in the upcoming sessions, noting that breaking 82.05 will stop the positive scenario and press on the price to turn to decline.

The expected trading range for today is between 82.00 support and 85.00 resistance.

The expected trend for today: Bullish

Origin: Economies

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