UK Brent Oil 4H : under 86.93 will drop again
UK Brent Oil
New forecast
The price of Brent crude futures succeeded in achieving +100 and rebounded from the 85.26 areas, and begins the day with a rise again to test the 86.93 level and attempt to hold below it, which supports the continuation of the bearish trend’s dominance during the coming sessions, paving the way for visiting the next correction level, which reaches 85.32 and 84.69.
From here, we await further expected decline in the immediate and short term, keeping in mind that breaching and stabilized above 86.93 will push the price to attempt to build an ascending wave whose targets begin at 88.36.
The expected trading range for today is between support 85.32 and resistance 86.93 until breaching one of them .
Additionally ,Today News will affect the market .
support line : 85.32 , 84.69
resistance line : 86.93 , 88.36
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New forecast
The price of Brent crude futures succeeded in achieving +100 and rebounded from the 85.26 areas, and begins the day with a rise again to test the 86.93 level and attempt to hold below it, which supports the continuation of the bearish trend’s dominance during the coming sessions, paving the way for visiting the next correction level, which reaches 85.32 and 84.69.
From here, we await further expected decline in the immediate and short term, keeping in mind that breaching and stabilized above 86.93 will push the price to attempt to build an ascending wave whose targets begin at 88.36.
The expected trading range for today is between support 85.32 and resistance 86.93 until breaching one of them .
Additionally ,Today News will affect the market .
support line : 85.32 , 84.69
resistance line : 86.93 , 88.36
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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