Brent oil price awaits confirmation signal – Analysis – 01/07/2021

forex_news_neftBrent oil price attempted to return to the bullish channel but it faced solid resistance at 75.30, to stay stuck between the key levels represented by the resistance that rises now to 75.45 and 73.70 support, which keeps our neutrality valid until the price manages to breach one of these levels.

We remind you that breaching the resistance will push the price to achieve new gains that start by testing 76.55 areas, while breaking the support will press on the price to achieve bearish correction that its next target located at 72.00.

The expected trading range for today is between 73.20 support and 76.30 resistance.

The expected trend for today: Neutral

Origin: Economies

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