Brent oil price achieves strong gains – Analysis – 13/04/2022

Brent_newsBrent oil price provided strong positive trades yesterday, as it moved away from 98.85 level to reach the expected positive station at 105.05, attempting to breach this level by today’s open, which makes us suggest witnessing more rise in the upcoming sessions, targeting 110.05 as a next main station.

The price needs to build support base above 105.05 to confirm the continuation of the suggested bullish wave, as failing to consolidate above this level will press on the price to decline again and head to visit 98.85 initially.

The expected trading range for today is between 102.00 support and 109.00 resistance.

The expected trend for today: Bullish

Origin: Economies

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