Midday update for Brent oil 21-04-2021
Economies.com
2021-04-21 10:28AM UTC
Brent oil price trades negatively now to approach testing the key support 65.15, while the EMA50 attempts to protect the price from achieving more decline, accompanied by stochastic approach to the oversold areas.
Therefore, these factors encourage us to continue suggesting the bullish trend that targets 69.00 followed by 70.00 levels as next main stations, reminding you that it is important to hold above 65.15 to achieve these targets.
The expected trading range for today is between 65.15 support and 68.00 resistance.
The expected trend for today: Bullish
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