Brent oil price declines strongly – Analysis - 18-09-2019
Economies.com
2019-09-18 04:54AM UTC
Brent oil price suffered from big losses yesterday, where it broke 65.92 level strongly and declined to hit 62.92 level, in its way to achieve more of the expected downside moves in the upcoming period, and we expect covering the price gap that appeared with the opening of yesterday’s trading.
Therefore, the bearish trend will be expected for today, and breaking 62.92 will push the price to 59.93 levels mainly, while breaching 65.92 represents a positive factor that will stop the suggested decline and leads the price to recover again.
The expected trading range for today is between 61.50 support and 64.50 resistance.
The expected trend for today: Bearish
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