UK Brent opened with a bullish gap after the weekend in Monday (28.02.2022), with prices rising due to the intensified situation between Russia and Ukraine and the fuel distribution insecurity in Europe. But the price met resistance at 103.26 USD and reverted back, closing the initial gap and meeting support at 97.18 USD.
Both MACD indicator and RSI indicator are confirming the bullish trend, which indicates that the instrument might try again to break the resistance at 103.26 USD, and if it does that, it will probably attack it's high at 105.74 USD. In the opposite scenario, the instrument might try to test again the resistance at 97.18 USD.
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Both MACD indicator and RSI indicator are confirming the bullish trend, which indicates that the instrument might try again to break the resistance at 103.26 USD, and if it does that, it will probably attack it's high at 105.74 USD. In the opposite scenario, the instrument might try to test again the resistance at 97.18 USD.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.