UK BRENT OIL 4H : Under 75.30 will drop
UK BRENT OIL
New forecast
The price of Brent crude oil contracts rebounded strongly after the price found it difficult to overcome the resistance of the descending channel, breaking the 76.16 level and incurring noticeable losses that reached 75.20, which puts the price under expected negative pressure during the coming sessions, on its way to visit the 74.10 and then 71.82 levels as main stations. deification. and to confirm the bearish trend should stable under 75.30 level and then our targets will be activate .
Therefore, a bearish bias will be expected for today supported by moving average 50 that is continue to push the price to down ,taking into account that breach 77.28 levels and hold above them will postponed the bearish waves .
The expected trading range for today is between support 71.82 and resistance 77.28 .
Additionally ,Today News will affect on the market .
support line : 75.30 , 74.10
resistance line : 76.16 , 77.28
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New forecast
The price of Brent crude oil contracts rebounded strongly after the price found it difficult to overcome the resistance of the descending channel, breaking the 76.16 level and incurring noticeable losses that reached 75.20, which puts the price under expected negative pressure during the coming sessions, on its way to visit the 74.10 and then 71.82 levels as main stations. deification. and to confirm the bearish trend should stable under 75.30 level and then our targets will be activate .
Therefore, a bearish bias will be expected for today supported by moving average 50 that is continue to push the price to down ,taking into account that breach 77.28 levels and hold above them will postponed the bearish waves .
The expected trading range for today is between support 71.82 and resistance 77.28 .
Additionally ,Today News will affect on the market .
support line : 75.30 , 74.10
resistance line : 76.16 , 77.28
Attention : We don't have any group in telegram be careful about scammer.
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: stop reached
