Brent oil price breaks the support – Analysis - 13-09-2019
Economies.com
2019-09-13 05:01AM UTC
Brent oil price broke 59.93 level strongly and closed the daily candlestick below it, to confirm turning to decline, expecting to head to target 57.85 followed by 56.23 levels as next main stations.
Therefore, the bearish bias will be suggested in the upcoming sessions supported by moving below the EMA50, noting that breaching 59.93 and holding above it again will reactivate the bullish trend scenario that its first target located at 62.92.
The expected trading range for today is between 57.00 support and 60.70 resistance.
The expected trend for today: Bearish
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