Midday update for Brent oil 18-02-2021
Economies.com
2021-02-18 10:41AM UTC
Brent oil price begins to rebound bearishly after touching the bullish channel’s support line that appears on the chart, and as we mentioned this morning, the price needs to hold above 64.45 to keep the bullish trend valid for today, as breaking it will push the price to achieve more decline and visit 63.05 areas initially before any new positive attempt, while the next targets of the expected bullish wave are located at 66.00 followed by 67.55.
The expected trading range for today is between 64.00 support and 66.50 resistance.
The expected trend for today: Bullish
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