UK Brent OIL 4H : try to retest and then rise

TVC:UKOIL   CFDs on Brent Crude Oil

New forecast

The price perfectly fulfills my last idea and price reached our second target + 300 pip .

The price of Brent crude futures traded strongly positively yesterday, breaching the 92.52 level and confirming a return to the ascending channel once again, reactivating the positive scenario and heading towards achieving positive targets starting at 95.00 and then 96.00.

The 50 moving average supports the price from below to reinforce the continuation of the suggested upward trend, which will remain in effect provided that the price maintains its stability above the 92.52 level.also its possible to retest to 92.52 and then rise up again .

The expected trading range for today is between support 92.52 and resistance 95.00 until breaching one of them .

Be careful because of the war between Palestine and Israel, we may witness unexpected movements .

support line : 92.52 , 91.00
resistance line : 94.00 , 95.00

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