Commodities

Brent oil price achieves strong gains – Analysis - 18-02-2019

2019-02-18 05:26:59 GMT (Economies.com)

Brent oil price traded with strong positivity on last Friday to approach 67.00 barrier, which supports the continuation of our bullish overview efficiently in the upcoming period, as the price is affected by the previously completed inverted head and shoulders’ pattern, which targets 68.00 followed by 72.65 levels as next main stations.

 

The EMA50 supports the suggested bullish wave, which its continuation conditions holding above 63.95. and 63.10 levels.

 

The expected trading range for today is between 65.00 support and 68.00 resistance.

 

The expected trend for today: Bullish

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