Midday update for Brent oil 05-05-2021
Economies.com
2021-05-05 09:13AM UTC
Brent oil price continues to rise to reach the thresholds of the second waited target at 70.00, and expect continuing the bullish bias to surpass this level and head towards 71.35 as a next main target.
Therefore, the bullish trend will remain valid and suggested for the upcoming period conditioned by the price stability above 68.05.
The expected trading range for today is between 68.00 support and 71.00 resistance.
The expected trend for today: Bullish
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