Midday update for Brent oil 14-04-2021
Economies.com
2021-04-14 08:52AM UTC
Brent oil price provides additional positive trades to beach 64.20 level and settles above it now, which urges caution from the upcoming trading, as confirming the breach will stop the recently suggested negative scenario and lead the price to turn to rise, to head towards visiting 65.35 followed by 66.40 levels initially.
The price needs to trade below 64.20 to keep the negative scenario active for today, noting that the initial targets begin by testing 63.40 followed by 62.95 areas.
The expected trading range for today is between 62.40 support and 65.00 resistance.
The expected trend for today: Bearish
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