Brent oil heads towards the second target – Analysis – 06/03/2018

neft-l1Brent oil price managed to breach 65.40 level and closed the daily candlestick above it, which adds more confirmation to the continuation of the bullish trend on the intraday and short term basis, waiting to visit 66.54 level as a next target, which breaching it represents the key to head towards 67.68 direct.

Therefore, we will continue to suggest the bullish trend for today unless breaking 65.40 followed by 64.00 levels and holding below them.

Expected trading range for today is between 64.00 support and 67.68 resistance.

Expected trend for today: Bullish

Brent oil heads towards the second target – Analysis - 06-03-2018

Origin: Economies

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