Midday update for Brent oil 06-04-2021
Economies.com
2021-04-06 09:07AM UTC
Brent oil price traded with clear positivity to breach 62.95 level and attempts to hold above it, which urges caution form the upcoming trading, as the price needs to trade below this level again to resume the expected bearish trend for today, which its next target located at 60.30, taking into consideration that confirming breaching 62.95 will stop the negative scenario and push the price to recover again.
The expected trading range for today is between 61.00 support and 63.60 resistance.
The expected trend for today: Bearish
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