Commodities

Brent oil price achieves strong gains – Analysis - 22-04-2019

2019-04-22 04:04:02 GMT (Economies.com)

Brent oil price succeeded to breach 72.65 level to rally bullishly and attacks 74.00$ barrier now, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, reminding you that our next target is located at 75.10, which breaching it represents the key to extend the bullish wave to reach 79.50 level.

 

Therefore, we will continue to suggest the bullish bias in the upcoming sessions unless breaking 72.65 level and holding below it.

 

The expected trading range for today is between 72.65 support and 76.00 resistance.

 

The expected trend for today: Bullish

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