Brent oil price keeps its negative stability – Analysis - 23-08-2019
Economies.com
2019-08-23 03:08AM UTC
Brent oil price provided negative trades to keep its stability below 59.93, as it placed lower high as appears on the chart, and it needs to break the intraday bullish trend line at 59.25 to confirm rallying towards our next negative target at 56.23.
Therefore, our bearish overview will remain valid for the upcoming period, noting that breaching 59.93 will stop the suggested decline and lead the price to rise on the intraday and short term basis.
The expected trading range for today is between 58.00 support and 61.00 resistance.
The expected trend for today: Bearish
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