Brent oil price reaches the extended target – Analysis - 25-02-2021
Economies.com
2021-02-25 05:14AM UTC
Brent oil price succeeded to reach few pips away from our waited target at 67.45, showing sideways trades now to settle above 67.00 barrier, waiting to gather positive momentum that assists to push the price to continue the rise, noting that our next target reaches 68.75.
The EMA50 keeps supporting the expected bullish trend, which will remain valid conditioned by the price stability above 65.80.
The expected trading range for today is between 66.00 support and 69.00 resistance.
The expected trend for today: Bullish
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