Brent oil price exits the channel – Analysis - 25-03-2019
Economies.com
2019-03-25 05:21AM UTC
Brent oil price begins today’s trading negatively to break the bullish channel’s support line that appears on the chart, which pushes the price to achieve expected decline in the upcoming sessions, supported by moving below the EMA50, waiting to visit 65.00 followed by 63.95 levels mainly.
Therefore, the bearish bias will be suggested for today unless the price managed to breach 67.15 level and hold above it again.
The expected trading range for today is between 65.00 support and 68.00 resistance.
The expected trend for today: Bearish
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