Brent oil price achieves strong gains – Analysis - 08-03-2021
Economies.com
2021-03-08 05:04AM UTC
Brent oil price succeeded to achieve our waited target at 69.10, starting today with strong rally to touch 71.35 level, which hints that the way is open to continue the rise on the longer term basis, noting that the next target extends to 73.35.
Note that breaking 69.50 will stop the positively scenario and press on the price to suffer some intraday losses as a temporary bearish correction before turning back to resume the bullish trend again.
The expected trading range for today is between 69.50 support and 72.50 resistance.
The expected trend for today: Bullish
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