Brent oil price approaches the first target – Analysis - 15-10-2021

2021-10-15 04:13:06 GMT (Economies.com)
 

Brent oil price continues to rise to approach our first waited target at 84.20, and we believe that the way is open to continue the bullish bias to achieve additional gains that reach 85.40.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period, supported by the EMA50 that continues to carry the price from below, noting that holding above 82.70 is important to continue the suggested bullish wave.

 

The expected trading range for today is between 83.00 support and 85.40 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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