Brent oil price achieves strong gains – Analysis – 07/03/2022

aud_newsBrent oil price started today with big bullish hap to touch 128.00$ per barrel barrier, opening the way to achieve more expected rise in the upcoming period, targeting 130.00 areas as a next main station.

Therefore, we expect to witness additional positive trades today, noting that breaking 125.70 will stop the expected rise to start correctional bearish wave that targets visiting 117.50 areas mainly.

The expected trading range for today is between 124.00 support and 130.00 resistance.

The expected trend for today: Bullish

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