UK Brent Oil 4H : head to our second goal
UK BRENT OIL
New forecast
The price perfectly fulfills my last idea and price reached to our first target + 60 pip and waiting for second target .
The price of Brent crude oil contracts was able to touch our first positive, expected target at 91.00, and attempts are being made to return to the main ascending channel, heading towards achieving more expected gains in the immediate and short term, on its way to visiting levels of 92.52 and then 94.00 as next positive stations.
Therefore, we expect the upward trend to continue during the coming sessions, keeping in mind that stability above 88.36 represents an important condition for achieving the proposed goals, so now its possible to formed a correction to near 88.36 and then rise up .
The expected trading range for today is between support 88.36 and resistance 91.00 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 89.52 , 88.36
resistance line : 91.00 , 92.52
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 perfectly fulfills my last idea and price reached to our first target + 60 pip and waiting for second target .
The price of Brent crude oil contracts was able to touch our first positive, expected target at 91.00, and attempts are being made to return to the main ascending channel, heading towards achieving more expected gains in the immediate and short term, on its way to visiting levels of 92.52 and then 94.00 as next positive stations.
Therefore, we expect the upward trend to continue during the coming sessions, keeping in mind that stability above 88.36 represents an important condition for achieving the proposed goals, so now its possible to formed a correction to near 88.36 and then rise up .
The expected trading range for today is between support 88.36 and resistance 91.00 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 89.52 , 88.36
resistance line : 91.00 , 92.52
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.