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Brent oil may drop to $113.97

SINGAPORE: Brent oil may drop to $113.97 per barrel, as it has broken a support at $116.11. The next support is at...
Published June 30, 2022 Updated June 30, 2022 10:50am
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SINGAPORE: Brent oil may drop to $113.97 per barrel, as it has broken a support at $116.11.

The next support is at $113.97, a break below which could trigger a drop to $111.32.

The fall from the Wednesday high of $120.41 seems deep enough to confirm a completion of the bounce from the June 22 low of $107.03.

Brent oil may retest resistance at $112.93

Resistance is at $118.25, a break could lead to a gain to $120.90.

Brent oil

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