Brent oil price surpasses the first target – Analysis - 22-06-2021
Economies.com
2021-06-22 04:27AM UTC
Brent oil price rallied upwards strongly yesterday to achieve our first target at 74.90 and breach it to settle above it, reinforcing the expectations of continuing the main bullish trend, which its next target located at 76.00, noting that the price needs to breach 75.40 to return to the bullish channel that appears on the chart.
The EMA50 supports the suggested bullish wave, which will remain valid and active unless breaking 74.05 and holding below it.
The expected trading range for today is between 74.00 support and 76.50 resistance.
The expected trend for today: Bullish
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