Brent oil price within tight track – Analysis - 27-07-2020
Economies.com
2020-07-27 03:46AM UTC
Brent oil price shows sideways and tight trades in the recent sessions, facing continuous contradiction between stochastic positivity and the EMA50 negativity, which makes us continue with our neutrality until we get clearer signal for the next trend.
Note that breaching 43.90 will push the price to recover and regain the main bullish trend that its main targets begin at 46.35, while breaking 42.75 represents negative factor that will press on the price to decline towards 41.25 followed by 39.44 areas as main negative stations.
The expected trading range for today is between 41.50 support and 45.00 resistance.
The expected trend for today: Neutral
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