Brent oil price keeps its positive stability – Analysis – 01/03/2022

brent_1Brent oil price resumes its positive trading after the decline that it witnessed yesterday, to settle above 98.00$ barrier, which keeps our bullish overview valid for the upcoming period, and the price needs to breach 99.80 to ease the mission of heading towards our next main positive target that extends to 104.00.

In general, the bullish trend scenario will remain valid and active unless breaking 96.40 and holding with a daily close below it.

The expected trading range for today is between 96.80 support and 101.00 resistance.

The expected trend for today: Bullish

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