Brent oil price within minor positive pattern – Analysis - 20-02-2019
Economies.com
2019-02-20 05:14AM UTC
Brent oil price recent trades are confined within bullish flag pattern that appears on the chart, thus, we are waiting to activate this pattern to get strong positive motive that supports the expectations of continuing the main bullish trend, which targets 68.00 as a next station.
The EMA50 keeps supporting the suggested bullish wave, to continue suggesting the bullish trend in the upcoming period conditioned by the price stability above 63.95, reminding you that breaching the first target will push the price towards 72.65 as a next main target.
The expected trading range for today is between 65.40 support and 68.50 resistance.
The expected trend for today: Bullish
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