Brent oil price hits the first target – Analysis - 06-01-2022
Economies.com
2022-01-06 05:13AM UTC
Brent oil price touched our first waited target at 80.80 and bounced bearishly from there, to test the bullish channel’s support line now, waiting to resume the bullish wave that its targets extend to 81.90 after surpassing the previous level.
The EMA50 continues to support the expected rise, noting that breaking 79.10 will press on the price to achieve additional decline and test 77.70 areas before any new attempt to rise.
The expected trading range for today is between 78.00 support and 81.00 resistance.
The expected trend for today: Bullish
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