Midday update for Brent oil 14-06-2021
Economies.com
2021-06-14 09:11AM UTC
Brent oil price rallied upwards strongly to breach the main bullish channel’s resistance and confirms the continuation of the bullish trend, waiting for more rise to test 74.70 that represents the first positive target, noting that the EMA50 continues to support the suggested bullish wave, which will remain valid conditioned by the price stability above 71.65.
The expected trading range for today is between 72.00 support and 74.70 resistance.
The expected trend for today: Bullish
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