Brent oil price around the moving average – Analysis – 13/12/2018

forex_news_neftBrent oil price fluctuates around the EMA50, and it traded negatively yesterday to test 60.00$ barrier, while the price still confined inside the sideways range that appears on the chart, which its lines represents by 58.40 support and 63.95 resistance.

As we mentioned in our recent reports, the price needs to breach one of these levels to detect its next destination clearly, reminding you that breaking the mentioned support will push the price to suffer more losses that target 57.77 followed by 56.00 levels as next main stations, while breaching the resistance will lead the price to start recovery attempts, the first main target reaches 70.00.

Expected trading range for today is between 58.40 support and 62.00 resistance.

Expected trend for today: Sideways

Brent oil price around the moving average – Analysis - 13-12-2018

Origin: Economies

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply