Brent oil gets a positive motive – Analysis – 29/08/2018

Brent_newsBrent oil price continues to fluctuate around 76.47 level without managing to confirm breaching it, noticing that stochastic gathers the positive momentum on the four hours’ time frame, waiting to motivate the price to resume the rise to breach 76.47 level and open the way to visit 78.00 level as a next station.

Therefore, the bullish trend will remain suggested in the upcoming period conditioned by the price stability above 75.00 and the most important above 74.00.

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

Expected trend for today: Bullish

Brent oil gets a positive motive – Analysis - 29-08-2018

Origin: Economies

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