Brent oil price attempts positively – Analysis - 20-06-2019

Brent oil price begins today’s trading with slight bullish bias on its way for a potential visit to 62.92 level, which represents the sideways range’s resistance that its signs appear on the chart, which its support line located at 59.93.

In general, the sideway bias still dominant on the intraday basis until the price confirms breaching one of the above mentioned levels, reminding you that breaching the resistance will motivate the price to start recovery attempts that target 65.92 areas initially, while breaking the support will put the price under additional negative pressure that its next target located at 56.23.

The expected trading range for today is between 60.50 support and 63.50 resistance.

The expected trend for today: Sideways