Brent oil resumes the positive attempts – Analysis – 24/08/2018

neft-l4Brent oil price shows positive trading now to move above the bullish channel’s support line again, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, getting continuous positive support by the EMA50, paving the way to visit 76.47 level that represents our next main target.

Therefore, we are waiting for more rise today conditioned by the price stability above 74.00.

Expected trading range for today is between 74.00 support and 76.47 resistance.

Expected trend for today: Bullish

Brent oil resumes the positive attempts – Analysis - 24-08-2018

Origin: Economies

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