Brent oil price stops at the first negative target – Analysis - 21-10-2021
Economies.com
2021-10-21 04:12AM UTC
Brent oil price bounced upwards strongly after reaching few pips away from the first waited negative target at 83.00, to breach the bullish flag’s resistance that appears on the chart and heads to achieve expected gains in the upcoming sessions and regain the main bullish trend, on its way to visit 87.40 areas initially.
Therefore, the bullish bias will be suggested for the upcoming period, noting that breaking 84.35 will press on the price to decline and test 81.90 areas before any new attempt to resume the main bullish trend.
The expected trading range for today is between 84.00 support and 86.70 resistance.
The expected trend for today: Bullish
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