Brent oil achieves good gains – Analysis – 08/06/2018

neft-l4Brent oil price rallied upwards strongly yesterday to breach 76.77 level and settles above it, which stops the correctional bearish pressure that dominated the recent trades and push the price to resume its main bullish track, which its next target located at 80.88.

Therefore, the bullish trend will be suggested in the upcoming sessions unless breaking 76.77 level and holding below it.

Expected trading range for today is between 76.00 support and 79.50 resistance.

Brent oil achieves good gains – Analysis - 08-06-2018

Origin: Economies

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