Brent oil price gets a positive motive – Analysis - 20-05-2019
Economies.com
2019-05-20 00:49AM UTC
Brent oil price shows positive trading now to attempt to breach the intraday bullish channel’s resistance that appears in the image, reinforcing the expectations of the bullish trend continuation on the short term basis, and the price gets positive motive from stochastic now, waiting for heading to our next main target at 75.60.
The EMA50 keeps supporting the suggested bullish wave, and its continuation conditioned by holding above 71.70 level.
The expected trading range for today is between 71.70 support and 75.00 resistance.
The expected trend for today: Bullish
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