Midday update for Brent oil 03-05-2021
Economies.com
2021-05-03 09:34AM UTC
Brent oil price shows bullish bias after testing the intraday bullish channel’s support line, getting good positive support by stochastic and the EMA50, to continue suggesting the bullish trend for the upcoming period conditioned by the price stability above 65.80, reminding you that our main waited targets begin at 69.00 followed by 70.00.
The expected trading range for today is between 66.00 support and 69.00 resistance.
The expected trend for today: Bullish
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