UK BRENT OIL 4H : Downward
UK BRENT OIL
New forecast
The price of Brent crude futures rose in yesterday's trading after reaching the support level at 78.87, then rebounded downward and settled below, waiting for the resumption of the main downward trend, heading towards achieving negative targets starting at 76.57 and extending far to 74.10.
Therefore the downward scenario will be remain valid and effective during coming period , Keeping in mind that breaking 78.87 level and holding above it will stop the downward trend.
The expected trading range for today is between support 74.10 and resistance 778.87 until stabilized .
Additionally ,Today News will affect on the market .
support line : 76.57 , 74.10
resistance line : 78.87 , 80.00
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 rose in yesterday's trading after reaching the support level at 78.87, then rebounded downward and settled below, waiting for the resumption of the main downward trend, heading towards achieving negative targets starting at 76.57 and extending far to 74.10.
Therefore the downward scenario will be remain valid and effective during coming period , Keeping in mind that breaking 78.87 level and holding above it will stop the downward trend.
The expected trading range for today is between support 74.10 and resistance 778.87 until stabilized .
Additionally ,Today News will affect on the market .
support line : 76.57 , 74.10
resistance line : 78.87 , 80.00
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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