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Brent oil recovers – Analysis - 23-01-2018
Brent oil price ended yesterday’s trading with clear positivity to surpass the intraday resistance line that appears on the chart, hinting the price head to resume the main bullish trend and stop the bearish correction that started from 70.08 areas.
Therefore, we expect witnessing more rise today, noting that breaching 70.08 will confirm extending the bullish wave to reach 74.50 as a next station, while breaking 69.25 followed by 68.85 levels represents negative factor that will push the price to return to the correctional bearish track again.
Expected trading range for today is between 68.10 support and 72.00 resistance.
Expected trend for today: Bullish
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Crude oil breaches the resistance – Analysis - 23-01-2018
Crude oil price rallied upwards to end yesterday’s trading above the correctional bearish channel’s resistance that appears on the chart, which we believe that it forms bullish flag pattern now that will motivate the price to resume the main bullish trend and stop the correctional bearish pressure that dominated the recent trades.
MoreSilver gets a positive signal – Analysis - 23-01-2018
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MoreGold rises calmly – Analysis - 23-01-2018
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