Brent oil price attempts positively – Analysis - 28-07-2020
Economies.com
2020-07-28 04:00AM UTC
Brent oil price shows slight positive trading by today’s open, but its still confined between the trend keys represented by 42.75 support and the resistance line that rises now to 44.30, which makes us continue with our neutrality until we get clearer signal for the next trend.
Note that breaching the mentioned resistance will push the price back to the main bullish channel and leads Brent oil price to achieve new gains that reach 46.35, while breaking the support will put the price under negative pressure that its targets begin at 41.25 and extend to 39.44.
The expected trading range for today is between 42.00 support and 45.00 resistance.
The expected trend for today: Neutral
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