Midday update for Brent oil 06-05-2021
Economies.com
2021-05-06 10:19AM UTC
Brent oil price shows sideways trading since morning, and stochastic provides positive signals that we are waiting to assist to push the price to resume the expected bullish trend on the intraday and short term basis, organzed inside the bullish channel that appears on the chart, waiting to visit 71.35 as a next main target, reminding you that it is important to hold above 68.05 to continue the expected rise.
The expected trading range for today is between 67.50 support and 70.00 resistance.
The expected trend for today: Bullish
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