Brent oil breaches the resistance – Analysis – 31/05/2018

forex_news_neftBrent oil price rallied upwards strongly to breach 76.77 level and settles above it, which stops the negative pressure that dominated the recent trades and lead the price to regain the main bullish trend, which hits next main target located at 80.88.

Therefore, we expecte witnessing more rise in the upcoming period unless breaking 76.77 level and holding below it again.

Expected trading range for today is between 76.50 support and 80.00 resistance.

Brent oil breaches the resistance – Analysis - 31-05-2018

Origin: Economies

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