Brent oil price within new positive pattern – Analysis - 22-02-2019
Economies.com
2019-02-22 05:15AM UTC
Brent oil price’s recent trades are confined within another bullish flag pattern that its signs appear on the chart, waiting to activate this pattern to confirm the continuation of the overall bullish trend, supported by stochastic head towards the oversold areas, besides the EMA50 that keeps carrying the price from below.
Our waited targets begin at 68.00 and extend to 72.65 after breaching the previous level, reminding you that it is important to hold above 65.60 to continue the expected bullish trend.
The expected trading range for today is between 66.00 support and 69.00 resistance.
The expected trend for today: Bullish
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