Midday update for Brent oil 04-03-2021
Economies.com
2021-03-04 10:21AM UTC
Brent oil price shows some bearish bias now to fluctuate at the EMA50, and as we mentioned this morning, the price needs to hold above 63.75 to keep the bullish trend active for today, as breaking it will extend the negative trades to visit 62.40 before turning back to rise again, while the first main target of the expected bullish wave is located at 66.80.
The expected trading range for today is between 63.50 support and 66.50 resistance.
The expected trend for today: Bullish
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