Brent oil price breaches the resistance – Analysis - 17-09-2019
Economies.com
2019-09-17 05:07AM UTC
Brent oil price rallied upwards yesterday again to breach 65.92 and approaches 69.00$ barrier, which leads the price to achieve more expected gains in the upcoming period, as the next positive target is located at 69.62.
Therefore, the bullish bias will be suggested on the intraday and short term basis, and breaching the targeted level will extend Brent oil price gains to reach 72.65, while the expected rise will remain valid unless breaking 65.92 and holding below it again.
The expected trading range for today is between 65.92 support and 69.62 resistance.
The expected trend for today: Bullish
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