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Brent Oil succeeds to breach – Analysis - 20-11-2017
Brent oil price succeeded to rally upwards to breach 62.35 level and settles above it, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, opening the way to test the recently recorded top at 64.63 as a next main target, noting that breaching this level will push the price towards 70.00$ per barrel barrier.
Therefore, the bullish trend scenario will remain valid in the upcoming sessions unless breaking 62.35 and the most important 60.95 levels and holding below them.
Expected trading range for today is between 61.50 support and 64.63 resistance.
Expected trend for today: Bullish
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