Brent oil price tests the support – Analysis - 24-02-2021
Economies.com
2021-02-24 05:25AM UTC
Brent oil price tests the bullish channel’s support line and keeps its stability above it until now, accompanied by stochastic gather to the positive momentum gradually, while the EMA50 keeps supporting the price from below.
Therefore, the bullish trend will remain valid for the upcoming period, which its next target located at 67.45, noting that breaking 65.00 will press on the price to decline towards 62.90 before any new positive attempt.
The expected trading range for today is between 64.00 support and 67.00 resistance.
The expected trend for today: Bullish
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