Brent oil price is recovering – Analysis – 26/01/2022

Brent_newsBrent oil price leaned on the EMA50 to trade with clear positivity yesterday and hints heading to achieve more intraday gains, expecting to test the recently recorded top at 88.81 as a first station.

Therefore, the bullish bias will be expected for today, and breaching 87.35 will ease the mission of achieving the mentioned target, while breaking 86.05 represents negative factor that will press on the price to decline again and head to visit 84.20 level.

The expected trading range for today is between 85.50 support and 88.50 resistance.

The expected trend for today: Bullish

Origin: Economies

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