Brent oil price awaits positive motive – Analysis - 19-04-2021
Economies.com
2021-04-19 01:19AM UTC
Brent oil price shows sideways and tight trades, settling above 66.00, noticing that stochastic gains the positive momentum clearly, which support the expectations of continuing the bullish trend, which targets 69.00 followed by 70.00 levels as next main stations.
The EMA50 supports the suggested bullish wave, which will remain valid unless breaking 65.15 and holding below it.
The expected trading range for today is between 65.20 support and 68.00 resistance.
The expected trend for today: Bullish
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