Brent oil tests the recent top – Analysis - 15-01-2018
Economies.com
2018-01-15 05:00AM UTC
Brent oil price resumed its positive trading clearly after touching the intraday bullish channel's support, to reach the psychological barrier 70.00$ again, noting that the price needs to breach this level to ease the mission of extending the bullish wave towards the next station at 71.15.
In general, we suggest the continuation of the bullish trend domination unless breaking 68.70 level and holding below it, supported by the EMA50 that keeps carrying the price from below.
Expected trading range for today is between 68.70 support and 72.00 resistance.
Expected trend for today: Bullish
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