Brent oil price completes the positive pattern – Analysis - 21-02-2019
Economies.com
2019-02-21 05:18AM UTC
Brent oil price managed to breach the bullish flag pattern’s resistance mentioned yesterday to activate the positive effect of this pattern, which supports the continuation of our bullish overview efficiently on the intraday and short term basis, as the price approaches our first waited target at 68.00, noting that breaching this level will open the way to visit 72.65 level that represents our next main target.
Therefore, we will continue to suggest the bullish trend for today unless breaking 65.60 level and holding below it.
The expected trading range for today is between 66.00 support and 69.50 resistance.
The expected trend for today: Bullish
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