Brent oil price approaches the target – Analysis - 23-04-2019
Economies.com
2019-04-23 04:13AM UTC
Brent oil price traded with clear positivity yesterday to approach our main waited target at 75.10, expecting to continue the bullish trend supported by the EMA50 that protects trading inside the bullish channel that appears on the chart, noting that the extended targets reach 79.50.
We should note that holding above 72.65 is important to achieve the suggested targets, as breaking it will put the price under intraday negative pressure that targets testing 70.20 levels before any new positive attempt.
The expected trading range for today is between 73.00 support and 76.50 resistance.
The expected trend for today: Bullish
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