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UK Brent 4H : Under sell pressure UK Brent Oil New forecast The price of Brent crude futures rose yesterday and reached 83.80, and found strong resistance there, showing some bearish tendency, waiting to stimulate the price to resume the expected bearish trend for the coming period, noting that crossing the 81.35 level will extend the bearish wave to reach the 80.00 and 78.87 areas. Therefore the downward scenario will be remain valid and effective supported by moving average 50 that is continue support the price to decline ,taking into account that stability above 83.80 will stop the expected decline and put pressure on the price to rise up. The expected trading range for today is between support 80.00 and resistance 83.80. Be careful because of the war between Palestine and Israel, we may witness unexpected movements . Additionally ,Today News will affect the market . support line : 81.35 , 80.00 resistance line : 83.17 , 83.80 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:UKOILShort
by Arazmajeed
13
UK Brent Oil 4h : support further rise UK BRENT OIL New forecast The price perfectly fulfills my last idea. Brent crude futures price trades rebounded downward after failing to overcome the resistance that was formed at the previously broken support of the main ascending channel at 91.01, putting pressure on the 89.52 level and moving above it now, which pushes the price to return to the upward path again, on its way to achieving positivity goals starting at 91.01 and extending. To 92.52 after breaking the previous level. Therefore, we expect to witness further rise during the coming sessions, noting that breaching 89.52 and holding below it will push the price to losses again, starting with testing the 88.36 areas. 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 ❤️
TVC:UKOILLong
by Arazmajeed
6
UK Brent Oil 4H : try to rise up UK BRENT OIL New forecast The price perfectly fulfills my last idea and price reached to our target +144 pip . The price of Brent crude oil contracts achieved a strong breach to the level of 88.36 to reach the pivotal resistance level of 89.52 now, stopping the negative scenario and heading towards returning to the main bullish trend, noting that breaching the aforementioned resistance will push the price to achieve further gains that reach 91.01 and then 92.52. Therefore, we expect to witness more upward bias during the coming sessions unless the 88.36 level is broken and holds below it. The expected trading range for today is between support 88.36 and resistance 89.52 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 : 88.36 , 86.93 resistance line : 89.52 , 91.01 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:UKOILLong
by Arazmajeed