Brent oil price approaches the support – Analysis – 15/07/2019

a-1Brent oil price moves within tight track and crawls calmly towards the key support 65.92, and the price still within the bullish channel that appears on the chart, while the EMA50 keeps providing the positive support to the price.

Therefore, our bullish overview will remain valid for the upcoming period, depending on the price stability above 65.92, reminding you that our next main target extends to reach 69.92.

The expected trading range for today is between 65.00 support and 68.50 resistance.

The expected trend for today: Bullish

Brent oil price approaches the support – Analysis - 15-07-2019

Origin: Economies

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