Brent oil price continues to rise – Analysis – 28/04/2021

rub-l13Brent oil price provides positive positive trades to support the expectations of continuing the main bullish trend, and we believe that the way is open to achieve our positive targets at 69.00 followed by 70.00.

Therefore, the bullish trend scenario will remain valid and active conditioned by the price stability above 65.10, noting that the EMA50 continues to support the suggested bullish wave.

The expected trading range for today is between 65.50 support and 68.00 resistance.

The expected trend for today: Bullish

Origin: Economies

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