Brent oil price tests the resistance – Analysis - 30-07-2020
Economies.com
2020-07-30 02:03AM UTC
Brent oil price provided positive trades yesterday to test 43.85 without managing to breach it, to keep the price confined between this resistance and 42.75 support, which keeps our neutrality valid until the price manages to surpass one of the mentioned levels.
Note that breaching the resistance will lead the price to achieve new gains that reach 44.80 followed by 46.35, while breaking the support will put the price under negative pressure that targets 41.25 followed by 39.44 levels.
The expected trading range for today is between 42.00 support and 45.00 resistance.
The expected trend for today: Neutral
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