Brent oil price confirms the breach – Analysis – 12/03/2019

brent_1Brent oil price confirmed breaching the symmetrical triangle’s resistance after closing the daily candlestick above it, reinforcing the expectations of continuing the bullish trend on the short term basis, and we believe that the way is open to achieve our waited targets that begin at 68.00 and extend to 72.65.

The EMA50 supports the suggested bullish wave, which its continuation conditions holding above 65.45.

The expected trading range for today is between 65.45 support and 69.00 resistance.

The expected trend for today: Bullish

Brent oil price confirms the breach – Analysis - 12-03-2019

Origin: Economies

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