rezamehrjuyan

Price back? Brent oil is returning to its trend line

Long
CURRENCYCOM:OIL_BRENT   Brent Oil
I reviewed Brent oil price changes in the weekly time frame. You can see that the price is close to its support range and is strongly supported by the RSI indicator. According to my analysis, the price will respond to my support range marked by a purple purple rectangle and on the other hand will react to the trend line which will result in a compression and then a higher trend line break probability. Promise! On Oct. 2021 , the price of oil will come as a surprise, and we will see the upside.
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