Midday update for Brent oil 08-03-2021
Economies.com
2021-03-08 10:41AM UTC
Brent oil price trades with strong negativity now to press on the key support 69.50, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active for the upcoming period, which targets 73.35 level as a next positive target, noting that breaking the mentioned supported will push the price to achieve more decline and visit 67.90 before any new positive attempt.
The expected trading range for today is between 69.00 support and 71.00 resistance.
The expected trend for today: Bullish
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