Brent oil price achieves the extended target – Analysis - 18-09-2020
Economies.com
2020-09-18 03:31AM UTC
Brent oil price rallied upwards strongly yesterday to surpass 43.00 level and reaches our extended target at 43.84, and the way seems open to achieve more gains in the upcoming sessions, as breaching the last level represents the key to head towards 44.87 as a next main station.
Therefore, our bullish overview will remain valid and active for the upcoming period, supported by stochastic and the EMA50 positivity, noting that holding above 43.00 and 42.75 levels is important to continue the expected rise.
The expected trading range for today is between 42.50 support and 45.00 resistance.
The expected trend for today: Bullish
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