Brent oil price leans on the channel’s support – Analysis – 03/04/2019

Brent_newsBrent oil price resumes its positive trades after leaning on the bullish channel’s support line, getting continuous positive support by the EMA50, to reach the thresholds of our first waited target at 70.00, waiting to surpass this level to head towards our next main target at 72.65.

Therefore, our bullish overview will remain valid and active in the upcoming period unless breaking 68.65 level and holding below it.

The expected trading range for today is between 68.65 support and 72.00 resistance.

The expected trend for today: Bullish

Brent oil price leans on the channel’s support – Analysis - 03-04-2019

Origin: Economies

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