Brent oil tests the support base – Analysis – 07/03/2018

Brent_newsBrent oil price fluctuates around 65.40 level and keeps its stability above it, as the EMA50 meets this level to add more strength to it, while stochastic gains the positive momentum clearly, which forms positive factor tha we are waiting to motivate the price to continue rising.

Therefore, we will keep our bullish overview for the upcoming sessions conditioned by the price stability above 64.00 level, noting that the waited targets begin at 66.54 followed by 67.68.

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

Expected trend for today: Bullish

Brent oil tests the support base – Analysis - 07-03-2018

Origin: Economies

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