UK Brent Oil 4H : Got a positive momentum
UK Brent Oil
New forecast
The price of Brent crude futures continued to rise to confirm the breach of the 86.68 level and stabilize above it, heading towards visiting the 88.38 level as the next main target.
Therefore, we expect to witness further rise during the coming sessions, and breaching 88.40 will facilitate the price’s task to reach 89.55, while breaking 86.68 will stop the positive scenario and put pressure on the price to return to the bearish corrective path again.
The expected trading range for today is between support 85.14 and resistance 869.55 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 86.68 , 85.14
resistance line : 88.38 , 89.55
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New forecast
The price of Brent crude futures continued to rise to confirm the breach of the 86.68 level and stabilize above it, heading towards visiting the 88.38 level as the next main target.
Therefore, we expect to witness further rise during the coming sessions, and breaching 88.40 will facilitate the price’s task to reach 89.55, while breaking 86.68 will stop the positive scenario and put pressure on the price to return to the bearish corrective path again.
The expected trading range for today is between support 85.14 and resistance 869.55 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 86.68 , 85.14
resistance line : 88.38 , 89.55
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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