Brent oil price begins positively – Analysis – 13/12/2021

neft-l2Brent oil price opens today’s trading with clear positivity to surpass 75.20 level and settles around 76.00 barriern ow, which supports the continuation of our bullish overview efficiently on the intraday and short term basis, waiting for more rise to visit 77.70 as a next main target, noting that breaching this level will extend the bullish wave to reach 80.80.

Therefore, the bullish trend will remain dominant in the upcoming sessions, noting that the continuation of the bullish wave requires holding above 75.20 and 74.30 levels.

The expected trading range for today is between 74.80 support and 78.00 resistance.

The expected trend for today: Bullish

Origin: Economies

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