Brent oil price faces solid resistance – Analysis - 27-10-2021
Economies.com
2021-10-27 04:29AM UTC
Brent oil price attempted to breach 85.55 but it returns to fluctuate below it, waiting to get positive momentum that assist to push the price to confirm the breach and rally towards our next positive target at 88.00.
In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 84.40, noting that the EMA50 keeps providing the support to the expected bullish wave.
The expected trading range for today is between 84.00 support and 87.00 resistance.
The expected trend for today: Bullish
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