Brent oil price attempts positively – Analysis - 13-12-2019

Economies.com
2019-12-13 06:01AM UTC

Brent oil price provided clear positive trades yesterday to start testing 64.00$ barrier now, waiting for more rise that targets 65.40 level mainly, noting that the price continues to move inside the bullish channel that renforces the positive overview.

 

Therefore, we will continue to suggest the bullish trend conditioned by the price stability above 62.50.

 

The expected trading range for today is between 63.00 support and 65.40 resistance.

 

The expected trend for today: Bullish

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