Brent oil price tests the support base – Analysis - 17-06-2021
Economies.com
2021-06-17 04:14AM UTC
Brent oil price provided clear negative trades yesterday, and opened today with additional decline to test the key support 73.60, noticing that the price rebounds bullishly from there, to head towards resuming the main bullish trend, which targets 76.20 as a next main station.
Therefore, we will keep our bullish overview supported by stochastic reach to the oversold areas, noting that the continuation of the bullish wave requires holding above 73.60 and the most important above 72.95.
The expected trading range for today is between 72.60 support and 75.70 resistance.
The expected trend for today: Bullish
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