Brent oil price awaits the rise – Analysis - 22-05-2019
Economies.com
2019-05-22 00:57AM UTC
Brent oil price settles near the key support 71.70, getting continuous positive support by the EMA50, to keep the bullish trend suggested on the intraday and short term basis, waiting to head towards 73.20 followed by 75.60 levels that represent our next main targets.
We should note that breaking 71.70 will press on the price to test 70.55 areas initially before any new attempt to rise.
The expected trading range for today is between 71.00 support and 74.00 resistance.
The expected trend for today: Bullish
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