Brent oil price surpasses the target – Analysis - 11-07-2019
Economies.com
2019-07-11 04:26AM UTC
Brent oil price rallied upwards yesterday to surpass our waited target at 65.92 and settles above 67.00$ barrier now, confirming the continuation of the bullish trend on the intraday and short term basis, and the way is open to touch the bullish channel’s resistance at 67.90, expecting the extension of the bullish wave to visit 69.92 as a next main target.
Therefore, we will continue to suggest the bullish trend in the upcoming period conditioned by the price stability above the support base formed above 65.92.
The expected trading range for today is between 65.92 support and 69.00 resistance.
The expected trend for today: Bullish
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