Brent oil price approaches the target – Analysis - 07-12-2018
Economies.com
2018-12-07 04:43AM UTC
Brent oil price provided strong negative trades yesterday and approached our main waited target at 57.77, noticing the price bullish rebound to test 60.00 barrier, while it starts today with bearish bias that hints resuming the negative trades in the upcoming sessions.
Therefore, the bearish trend scenario will remain dominant for today unless breaching 61.80 level and holding above it, noting that the next target reaches 56.91.
Expected trading range for today is between 57.50 support and 61.00 resistance.
Expected trend for today: Bearish
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