UK BRENT OIL
New forecast
The price of Brent crude futures suffered strong losses yesterday, as it approached the expected correction level at 86.93, awaiting for the price to be stimulated to resume the upward trend.
Therefore now the price forced us to wait for to select the coming tendency ,where stabilized above 86.93 will be resuming the bullish waves again to reach 88.38 , on the other hand stability under 86.93 will putting the price under sell pressure to continue at the negative correction to reach 85.32 and then will rise up .
The expected trading range for today is between support 85.32 and resistance 88.36 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 85.32 84.49
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 ❤️
New forecast
The price of Brent crude futures suffered strong losses yesterday, as it approached the expected correction level at 86.93, awaiting for the price to be stimulated to resume the upward trend.
Therefore now the price forced us to wait for to select the coming tendency ,where stabilized above 86.93 will be resuming the bullish waves again to reach 88.38 , on the other hand stability under 86.93 will putting the price under sell pressure to continue at the negative correction to reach 85.32 and then will rise up .
The expected trading range for today is between support 85.32 and resistance 88.36 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 85.32 84.49
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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