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Brent oil fails to confirm the break – Analysis - 05-03-2018
Brent oil price showed many attempts to break 64.00 level but it could not manage to settle below it, to trade positively and approach 65.40 level now, which supports the chances of turning back to the main bullish trend, targeting surpassing the last level to confirm opening the way to head towards 66.54 followed by 67.68 levels.
Therefore, the bullish bias will be expected for today, taking into consideration that breaking 64.00 will stop the expected rise and push the price to visit 61.74 as a next negative station.
Expected trading range for today is between 63.50 support and 66.54 resistance.
Expected trend for today: Bullish
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