Brent oil price resumes the decline – Analysis - 08-02-2019
Economies.com
2019-02-08 05:07AM UTC
Brent oil price resumed its negative trading strongly yesterday to surpass the EMA50 and settles below it, which supports the continuation of our bearish overview efficiently in the upcoming period, which its next target located at 59.55.
Stochastic current positivity might cause some temporary sideways fluctuation before resuming the suggested decline, reminding you that holding below 63.10 represents key condition to continue the expected negative scenario.
The expected trading range for today is between 59.00 support and 62.50 resistance.
The expected trend for today: Bearish
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