Brent oil price approaches the target – Analysis - 10-09-2019
Economies.com
2019-09-10 04:50AM UTC
Brent oil price resumed its positive trades well yesterday to reach the thresholds of the main waited target at 62.92, getting continuous positive support by the EMA50, to suggest breaching the mentioned level and open the way to extend the bullish wave to reach 64.00 as a next main station.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, noting that breaking 61.40 might press on the price to test 59.93 areas before any new attempt to rise.
The expected trading range for today is between 61.40 support and 64.00 resistance.
The expected trend for today: Bullish
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