Brent oil price hovers around the support – Analysis – 17/09/2018

neft-l2Brent oil price fluctuates around the key support base at 78.05, noticing that the EMA50 continues to protect the price from suffering losses, to keep the chances valid to resume the bullish trend in the upcoming sessions, which its next main target located at 80.48.

Therefore, we are waiting for positive trading for today, noting that breaking 78.05 will push the price to test 76.47 level before any new attempt to rise.

Expected trading range for today is between 77.00 support and 80.00 resistance.

Expected trend for today: Bullish

Brent oil price hovers around the support – Analysis - 17-09-2018

Origin: Economies

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