Brent oil price attempts positively – Analysis - 13-04-2021
Economies.com
2021-04-13 03:15AM UTC
Brent oil price provided temporary positive trades yesterday and returned to settle around the EMA50, keeping its stability below 63.40 level, waiting to trade below 62.95 again to reinforce the expectations of continuing the bearish trend, which targets 60.30 level as a next main station.
Therefore, the negative scenario will remain valid for the upcoming period, noting that breaching 63.40 followed by 64.20 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 61.50 support and 64.20 resistance.
The expected trend for today: Bearish
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