Brent Oil Prices Remain Above $87
Rising central bank rate hike bets and no longer boost production from OPEC keep hold of Brent price above 87.25 level. Technically, 50-Weekly Moving Average (WMA) is based nearly 97.25 level. The sentiment below that level is negative for Brent oil. The expected trading range for today is between 88.50 support and 94.65 resistance.
- Support: 88.50 – 87.25 – 86.40
- Resistance: 92.60 – 94.65 – 97.65