Brent oil price breaches the resistance – Analysis - 28-05-2019
Economies.com
2019-05-28 01:34AM UTC
Brent oil price rallied upwards clearly yesterday to breach 69.62 level and settles above it, which pushes the price to return to the main bullish track again and stop the negative pressure that dominated the recent trades, and the price needs to surpass 70.50 barrier to confirm the continuation of the bullish bias towards positive targets that start at 73.35 and extend to 75.60.
Therefore, the bullish trend will be expected for today unless breaking 69.62 followed by 60.00 levels and holding below them.
The expected trading range for today is between 69.00 support and 72.00 resistance.
The expected trend for today: Bullish
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