Brent oil still stuck – Analysis – 14/03/2018

neft-1Brent oil price provided mixed trades yesterday to test the key levels represented by 64.00 support and 65.40 resistance without managing to surpass any of them, to remain stuck between these levels, and we still waiting to surpass one of these levels to detect the next destination clearly, which keeps our neutrality valid until now.

We remind you that breaking 64.00 support will push the price to visit 61.71 areas mainly, while breaching 65.40 resistance will open the way to regain the main bullish trend that its positive targets begin at 66.54 and extend to 67.68.

Expected trading range for today is between 63.00 support and 66.00 resistance.

Expected trend for today: Depends on the above mentioned levels

Brent oil still stuck – Analysis - 14-03-2018

Origin: Economies

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