Midday update for Brent oil 21-07-2021
Economies.com
2021-07-21 09:49AM UTC
Brent oil price achieved initial breach to 69.60 and closed the last four hours’ candlestick above it, which leads the price to turn to rise for the rest of the day, on its way to test 71.20 initially.
Therefore, the bullish bias will be suggested for the upcoming sessions unless breaking 69.60 and holding below it again.
The expected trading range for today is between 69.00 support and 71.20 resistance.
The expected trend for today: Bullish for the rest of the day
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