Brent oil price gets a positive signal – Analysis - 17-02-2021
Economies.com
2021-02-17 05:01AM UTC
Brent oil price provided sideways trades yesterday and kept its stability above 63.00 barrier, to continue fluctuating inside the intraday bullish channel, noticing that stochastic and the EMA50 provide the positive support to the price.
Therefore, we believe that the chances valid to resume the main bullish trend, which its next main target located at 66.00, taking into consideration that the continuation of the bullish wave requires holding above 62.20 and the most important above 61.30.
The expected trading range for today is between 62.20 support and 65.00 resistance.
The expected trend for today: Bullish
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