Brent oil price keeps its positive stability – Analysis – 08/04/2020

Brent_newsBrent oil price attempted to break 32.50 level but it kept its stability above it, which keeps the bullish trend scenario active for the upcoming period, waiting to visit 34.95 level as a first station, which breaching it represents the key to rally towards 36.00 as a next target.

The EMA50 continues to support the suggested bullish wave, while breaking 32.50 represents negative factor that will press on the price to head towards 30.97 direct.

The expected trading range for today is between 31.50 support and 35.00 resistance.

The expected trend for today: Bullish

Origin: Economies

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