Brent oil price returns to the channel – Analysis – 02/04/2019

brent_1Brent oil price confirmed the return to the bullish channel that appears on the chart, starting today with more bullish bias to approach our first waited target at 70.00, reinforcing the expectations of continuing the bullish trend in the upcoming period, reminding you that our next target extends to 72.65.

Therefore, we are waiting for more rise today conditioned by the price stability above the key support base located at 68.50.

The expected trading range for today is between 68.50 support and 71.00 resistance.

The expected trend for today: Bullish

Brent oil price returns to the channel – Analysis - 02-04-2019

Origin: Economies

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