Brent oil rises calmly – Analysis – 10/07/2018

brent_1Brent oil price shows sideways trading to surpass 78.00$ barrier, on its way to achieve our main waited target at 80.48, as the price gets continuous positive support by the EMA50.

Therefore, we are waiting for more rise in the upcoming sessions conditioned by the price stability above 76.47.

Expected trading range for today is between 77.00 support and 80.48 resistance.

Expected trend for today: Bullish

Brent oil rises calmly – Analysis - 10-07-2018

Origin: Economies

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