Brent oil price resumes rising – Analysis - 20-09-2018

Brent oil price begins today’s trading with bullish bias to approach 80.00$ barrier, to keep the bullish trend dominant on the intraday and short term basis, as our next target is located at 80.48, which breaching it represents the key to rally towards 82.90 as a next main target.

The EMA50 supports the suggested bullish wave, which its continuation conditions holding above 77.90.

Expected trading range for today is between 78.00 support and 81.50 resistance.

Expected trend for today: Bullish