Midday update for Brent oil 15-10-2021
Economies.com
2021-10-15 09:15AM UTC
Brent oil price touched our first target at 84.20 and trades above it now, reinforcing the expectations of extending the bullish wave on the intraday and short term basis, which targets 85.40 as a next main station, reminding you that the continuation of the rise requires holding above 82.70, as breaking it might press on the price to decline towards 80.25 before any new attempt to rise.
The expected trading range for today is between 83.00 support and 85.40 resistance.
The expected trend for today: Bullish
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