Midday update for Brent oil 01-04-2021
Economies.com
2021-04-01 09:01AM UTC
Brent oil price shows clear positive trading to move away from 62.95, but it faces solid resistance formed by the EMA50 at 64.15, which support the chances of bouncing bearishly to resume the expected bearish trend for today, which its targets begin by breaking 62.95 to open the way to head towards 61.50 followed by 60.30, taking into consideration that breaching 64.15 will stop the negative scenario and lead the price to recover again.
The expected trading range for today is between 61.50 support and 64.50 resistance.
The expected trend for today: Bearish
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