Brent oil price approaches the resistance – Analysis - 14-04-2021
Economies.com
2021-04-14 02:26AM UTC
Brent oil price continues to rise to approach the key resistance 64.20, and as we mentioned in our previous reports, the price needs to consolidate below this level to keep the bearish trend active for the upcoming period, reminding you that our targets begin by breaking 63.40 to reinforce the chances of heading towards 60.30 as a next negative station.
On the other hand, we should note that breaching 64.20 will push the price to continue the rise and attempt to regain the main bullish trend again.
The expected trading range for today is between 62.40 support and 65.00 resistance.
The expected trend for today: Bearish
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