Brent oil price awaits the breach – Analysis – 11/09/2018

brent_1Brent oil price leaned on the EMA50 and provides calm positive trading now, on its way to test 78.20 resistance, and the price needs to get strong positive momentum to reinforce the chances of breaching this resistance followed by rallying towards 80.48 that represents our main positive target.

Therefore, our bullish overview will remain valid for today conditioned by the price stability above 76.47 and 75.85 levels.

Expected trading range for today is between 76.00 support and 79.00 resistance.

Expected trend for today: Bullish

Brent oil price awaits the breach – Analysis - 11-09-2018

Origin: Economies

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