Midday update for Brent oil 21-11-2023
Economies.com
2023-11-21 09:23AM UTC
Brent oil price faces negative pressure to test the EMA50, affected by stochastic negativity, and as long as the price is above 81.00, our bullish overview will remain valid for today, waiting to gather positive momentum that assist to push the price to resume the positive trades that target testing 83.87 as a first station.
The expected trading range for today is between 81.20 support and 84.20 resistance.
The expected trend for today: Bullish
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