Brent oil price begins positively – Analysis – 09/01/2019

Brent_newsBrent oil price resumes its positive trading clearly to approach 60.00$ barrier, which supports the continuation of the rise on the intraday and short term basis, waiting to target 61.20 followed by 63.95 levels as next main stations.

The EMA50 supports the suggested bullish wave, which its continuation conditions holding above 56.91.

Expected trading range for today is between 58.50 support and 61.00 resistance.

Expected trend for today: Bullish

Brent oil price begins positively – Analysis - 09-01-2019

Origin: Economies

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