Brent oil price attempts positively – Analysis – 14/01/2022

neft-l4Brent oil price opens today with bullish bias after the decline that it witnessed in the previous sessions, to keep the main bullish trend valid and active on the intraday and short term basis, supported by the EMA50 that continues to carry the price from below, reminding you that we are waiting to visit 85.80 mainly.

Holding above 83.00 is important to continue the expected rise, as breaking it will press on the price to test 80.80 areas before any new attempt to rise.

The expected trading range for today is between 82.70 support and 85.70 resistance.

The expected trend for today: Bullish

Origin: Economies

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