Brent oil attempts to breach – Analysis – 28/08/2018

brent_1Brent oil price showed new test to 76.47 level, waiting to breach this level to confirm rallying towards achieving more gains on the short term basis, reminding you that our next target reaches 78.00.

The main bullish channel still organizes the current bullish wave, to keep the bullish trend scenario active in the upcoming period conditioned by the price stability above 74.00.

Expected trading range for today is between 75.00 support and 78.00 resistance.

Expected trend for today: Bullish

Brent oil attempts to breach – Analysis - 28-08-2018

Origin: Economies

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