Commodities

Daily price is on ranging to be inside Ichimoku cloud and in the s/r channel for direction: if the price breaks resistance level at 106.98 to above so the primary bullish trend will be resumed with 119.88 level as a possible target; if the price crosses support level at 89.64 to below so the primary bearish reversal will be started with 84.22 level to re-enter; alternatively, the price will be on secondary ranging waiting for direction. Trading Summary : ranging for direction

🛢 Brent has once again bounced off the downtrend line and the 50-day moving average, and the %R has moved out of the overbought zone. There is a gap below. 🔽 We are considering selling XBRUSD if the price falls below 90.60; 🎯 Target 1: 89.00; 🎯 Target 2: 88.00