Brent oil price shows some decline – Analysis - 11-12-2019
Economies.com
2019-12-11 05:42AM UTC
Brent oil price provides slight negative trading to move near 63.50 level, while the price remains within the bullish channel that appears in the above chart, getting a good positive support from the EMA50, which keeps the overall trend scenario valid in the upcoming period, waiting for visiting 65.40 level mainly.
On the other hand, you should be aware that breaking 62.50 will stop the expected rise and pushes the price to turn to the downside.
The expected trading range for today is between 62.50 support and 65.40 resistance.
The expected trend for today: Bullish
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