Brent oil price confirms the breach – Analysis – 25/09/2018

brent_1Brent oil price confirmed breaching 80.48 level after ending yesterday’s trading above it, reinforcing the expectations of achieving more gains on the intraday and short term basis, waiting to head towards 82.90 that represents our next main target.

The EMA50 keeps supporting the bullish wave inside the bullish channel that appears on the chart, noting that the continuation of the expected rise conditions holding above 80.50 and the most important above 79.50.

Expected trading range for today is between 80.00 support and 83.00 resistance.

Expected trend for today: Bullish

Brent oil price confirms the breach – Analysis - 25-09-2018

Origin: Economies

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