Brent oil price attempts positively – Analysis – 19/03/2019

brent_1Brent oil price shows calm bullish bias to approach 68.00$ barrier, waiting for more rise in the upcoming sessions, affected by the previously completed symmetrical triangle pattern, noting that our next target reaches 72.65.

The EMA50 provides continuous positive support to the price, to continue suggesting the bullish trend in the upcoming sessions unless breaking 66.50 level and holding below it.

The expected trading range for today is between 66.50 support and 69.50 resistance.

The expected trend for today: Bullish

Brent oil price attempts positively – Analysis - 19-03-2019

Origin: Economies

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