Brent oil keeps its positive stability – Analysis - 11-01-2018
Economies.com
2018-01-11 04:52AM UTC
Brent oil price keeps its stability above the bullish channel's support line that appears on the above chart, noticing that the EMA50 keeps protecting trading inside this channel, while stochastic begins to provide positive overlapping signals now.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, as our next target is located at 70.85, noting that the continuation of the bullish bias depends on holding above 68.40.
Expected trading range for today is between 68.00 support and 71.00 resistance.
Expected trend for today: Bullish
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