Brent oil price continues to rise – Analysis – 28/06/2021

neft-l2Brent oil price attempts to surpass 76.00 barrier, waiting for more rise to head towards our next positive station at 78.00, as the price is organized inside an intraday bullish channel that supports the chances of achieving more gains in the upcoming period.

Therefore, the positive scenario will remain valid and active on the intraday and short term basis, noting that it is important to hold above 75.25 – 74.90 levels to continue the expected rise.

The expected trading range for today is between 75.00 support and 77.40 resistance.

The expected trend for today: Bullish

Origin: Economies

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