UK BRENT OIL 4H : Support further rise up
UK BRENT OIL
New forecast
The price of Brent crude futures presented additional negative trading yesterday to retest the support at the 78.32 level, and we notice that the price consolidated above this support, waiting for positive momentum and stability above the 78.87 level to open the way for the price to reach the 80.00 level and extend to the 81.27 level.
Therefore, we expect to witness an upward bias during the coming sessions, taking into account that breaking 78.32 and holding below it will stop the proposed upward wave and return the price to the main descending channel again.
The expected trading range for today is between support 77.60 and resistance 81.27 .
Additionally ,Today News will affect on the market .
support line : 78.32 , 77.60
resistance line : 80.00 , 81.27
Attention : We don't have any group in telegram be careful about scammer.
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New forecast
The price of Brent crude futures presented additional negative trading yesterday to retest the support at the 78.32 level, and we notice that the price consolidated above this support, waiting for positive momentum and stability above the 78.87 level to open the way for the price to reach the 80.00 level and extend to the 81.27 level.
Therefore, we expect to witness an upward bias during the coming sessions, taking into account that breaking 78.32 and holding below it will stop the proposed upward wave and return the price to the main descending channel again.
The expected trading range for today is between support 77.60 and resistance 81.27 .
Additionally ,Today News will affect on the market .
support line : 78.32 , 77.60
resistance line : 80.00 , 81.27
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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