Brent oil price gets negative signals – Analysis - 20-10-2021
Economies.com
2021-10-20 04:18AM UTC
Brent oil price begins today’s trading with bearish bias after retesting the previously broken support that appears on the chart, accompanied by witnessing clear negative signals through stochastic, reinforcing the chances of continuing the expected bearish trend on the intraday basis, which targets 83.00 followed by 81.40 levels as next main stations.
On the other hand, we should note that breaching 85.15 will stop the suggested negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 82.50 support and 85.15 resistance.
The expected trend for today: Bearish
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