Brent oil price gets the positive momentum – Analysis - 26-04-2019

2019-04-26 04:08:46 GMT (Economies.com)
Brent oil price gets the positive momentum – Analysis - 26-04-2019
 

Brent oil price traded with clear negativity yesterday to settle at 74.00$ barrier, accompanied by stochastic reach to the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again, reinforcing the chances of continuing the main bullish trend.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 72.65, reminding you that surpassing 75.10 is required to reinforce the expectations of targeting 79.50 level as a next main station.

 

The expected trading range for today is between 73.00 support and 76.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1237
-0.0036
0.3185%
1.2484
-0.0091
0.7241%
16.105
0.887
5.832%
56.587
-3.745
6.207%
63.60
-0.06
0.09%
1421.595
6.100
0.431%
 
 
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