Brent oil within tight track – Analysis – 05/07/2018

forex_news_neftThe tight range dominates Brent oil price since yesterday, thus, no change to the bullish trend scenario that depends on the price stability above 76.47, supported by the EMA50 that continues to carry the price from below, reminding you that our next main target is located at 80.48.

Expected trading range for today is between 76.47 support and 80.00 resistance.

Expected trend for today: Bullish

Brent oil within tight track – Analysis - 05-07-2018

Origin: Economies

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