UK Brent Oil 4H : Under 86.93 Downtrend
UK Brent Oil
New forecast
The price of Brent crude futures continues to move on a sideways path, and settles below the resistance at 89.45, which is putting negative pressure on the price, waiting for the resumption of the bearish tendency to test the level of 86.93, which represents our next main target, remembering that exceeding this level will push the price towards M at 84.83 and 83.80.
On the other hand, we point out that breaching 89.52 will stop the current bearish correction and push the price to try to return to the main upward path again.
The expected trading range for today is between support 88.63 and resistance 86.93 until breaching one of them .
Additionally ,Today News will affect the market .
support line : 86.93 , 84.83
resistance line : 88.36 , 89.52
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 of Brent crude futures continues to move on a sideways path, and settles below the resistance at 89.45, which is putting negative pressure on the price, waiting for the resumption of the bearish tendency to test the level of 86.93, which represents our next main target, remembering that exceeding this level will push the price towards M at 84.83 and 83.80.
On the other hand, we point out that breaching 89.52 will stop the current bearish correction and push the price to try to return to the main upward path again.
The expected trading range for today is between support 88.63 and resistance 86.93 until breaching one of them .
Additionally ,Today News will affect the market .
support line : 86.93 , 84.83
resistance line : 88.36 , 89.52
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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