Brent oil price resumes rising – Analysis - 23-07-2020
Economies.com
2020-07-23 03:39AM UTC
Brent oil price returns to rise after approaching the bullish channel’s support line yesterday, supported by stochastic positivity, besides the EMA50 that continues to carry the price from below, to keep the bullish trend scenario valid and active for the upcoming period, waiting to visit 45.00 followed by 46.35 levels as next targets.
Note that breaking 43.35 will stop the suggested positive scenario and press on the price to turn to decline.
The expected trading range for today is between 43.00 support and 46.35 resistance.
The expected trend for today: Bullish
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