Brent oil price suffers more losses – Analysis - 19-03-2020
Economies.com
2020-03-19 05:57AM UTC
Brent oil price continued to decline yesterday to reach 25.66 level, and it returns to fluctuate around 27.09 level, noticing that the price moves below it now, to keep the negative pressure valid for the upcoming period, reminding you that our next target is located at 25.00, which breaking it represents the key to rally towards 23.05 as a next main station.
Therefore, we will continue to suggest the bearish trend for the upcoming period unless breaching 28.44 level and holding above it.
The expected trading range for today is between 24.50 support and 28.44 resistance.
The expected trend for today: Bearish
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