Brent oil price reaches the target – Analysis – 24/09/2021

neft-l4Brent oil price rallied upwards strongly yesterday to succeed reaching our main waited target at 77.80, expecting to surpass this level to open the way to head towards 79.50 areas as a next main station, supported by moving inside the bullish channel that appears on the chart.

Therefore, we are waiting for more rise in the upcoming sessions unless breaking 75.55 followed by 74.70 levels and holding below them.

The expected trading range for today is between 76.00 support and 79.00 resistance.

The expected trend for today: Bullish

Origin: Economies

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