Brent oil price holds above the support – Analysis – 08/07/2019

a-1Brent oil price found difficulty to break 62.92 level, to trade positively and surpass 64.00 level, which stops the recently suggested negative scenario and push the price to achieve more expected gains in the upcoming period, as the next main target is located at 65.92.

Therefore, we are waiting for more rise today unless breaking 62.92 followed by 62.35 levels and holding with a daily close below them.

The expected trading range for today is between 63.00 support and 66.00 resistance.

The expected trend for today: Bullish

Brent oil price holds above the support – Analysis - 08-07-2019

Origin: Economies

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