Midday update for Brent oil 22-02-2021

Economies.com
2021-02-22 10:12AM UTC

Brent oil price faced solid resistance formed by the previously broken support of the minor bullish channel that appears on the chart, which force the price to provide temporary negative trades now, waiting to get positive motive that assists to push the price to breach 64.00 to confirm opening the way to visit 66.00 that represents our next main target.

 

The expected trading range for today is between 62.50 support and 65.50 resistance.

 

The expected trend for today: Bullish

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