Brent oil price achieves some bearish correction – Analysis - 09-03-2021
Economies.com
2021-03-09 05:26AM UTC
Brent oil price declined clearly after breaking 69.50 level, to touch the suggested correctional level at 67.90 and rebounds bullishly from there, which push the price to resume the main bullish trend, waiting to head towards 71.35 followed by 73.35 levels as next main targets.
Stochastic and the EMA50 support the expected rise, which will remain valid conditioned by the price stability above 67.90.
The expected trading range for today is between 67.50 support and 70.80 resistance.
The expected trend for today: Bullish
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