Weekly chart look very promising, entry price look like somewhere around 0.790 - 0.800, eventough price is under MA200, the price may in the beginning of inclination propelled by vaccine news, likely the resistance would be in 1.000, and support is 0.680.
PRICE HAS BROKEN THE RESISTANCE R1, AND NOW HEADING TO THE CRITICAL LINE BETWEEN 0.16- 0.75 TO CLOSE PRICE GAP (0.160)
IF PRICE CAN CLOSE BETWEEN THE CRITICAL LINE, AND COVER THE GAP, THE PRICE MAY CONTINUE SOAR TO A NEW TARGET 0.200
Price start to incline but was stopped at R1 at 1.920, if price close above R1, it will reach R2 and further R3, if price move and close exceed R3, price will expected make new ATH,
This week, price has reached the entry price between (0.120- 0.125), price might reach R1 at 0.13, and if the resistance broken, price can spike into a new 6 month high, anyway this counter is relay on brent oil price,
