Brent oil price keeps rising – Analysis – 29/12/2021

Brent_newsBrent oil price continues to provide the positive trades and attempted to breach 79.00 barrier yesterday, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our next main target at 80.80.

The positive effect of the doublt bottom pattern still active and supports the chances of achieving the waited targets, reminding you that it is important to hold above 77.70 to continue the expected rise.

The expected trading range for today is between 77.30 support and 80.40 resistance.

The expected trend for today: Bullish

Origin: Economies

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