Commodities

Brent oil price continues to rise – Analysis - 15-02-2019

2019-02-15 05:06:36 GMT (Economies.com)

Brent oil price keeps providing the positive trades to start testing 65.00 barrier, to keep the positive effect of the inverted head and shoulders’ pattern active, and the price continues to move inside the bullish channel that we are waiting to carry the price to achieve our waited targets at 68.00 followed by 72.65.

 

Therefore, we are waiting for more rise today conditioned by the price stability above 63.95 and the most important above 63.10.

 

The expected trading range for today is between 63.10 support and 67.00 resistance.

 

The expected trend for today: Bullish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.