Midday update for Brent oil 16-02-2021
Economies.com
2021-02-16 10:33AM UTC
Brent oil price fluctuates within sideways track now and moves near 63.00, and continues to move inside the intraday bullish channel that supports the chances of continuing the expected bullish trend for the upcoming period, which gets continuous support by the EMA50, noting that our next main target extends to 66.00, while achieving it requires holding above 62.75.
The expected trading range for today is between 62.50 support and 65.00 resistance.
The expected trend for today: Bullish
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