Brent oil price resumes the bullish trend – Analysis - 04-03-2021
Economies.com
2021-03-04 05:14AM UTC
Brent oil price breached the intraday bearish channel’s resistance clearly and settled above it, which leads the price to resume the main bullish trend within the main bullish channel that appears on the chart, to head towards achieving new gains that start at 66.80 and extend to 68.00.
Therefore, we suggest the domination of the positive trades in the upcoming sessions, noting that holding above 63.75 represents initial condition to continue the expected rise.
The expected trading range for today is between 63.50 support and 66.50 resistance.
The expected trend for today: Bullish
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