Brent oil price touches the target – Analysis - 11-09-2019
Economies.com
2019-09-11 05:03AM UTC
Brent oil price succeeded to hit our main waited target at 62.92 and fluctuates near it now, accompanied with stochastic surpass to the negative momentum clearly and reaching to the thresholds of the oversold levels, waiting for motivating the price to breach the mentioned level and opening the way towards extending the bullish wave to reach to 64.00 then 65.92 levels as next main stations.
Therefore, we will keep preferring the bullish trend in the upcoming sessions, conditioned by holding above 61.40 level.
The expected trading range for today is between 61.40 support and 64.00 resistance.
The expected trend for today: Bullish
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