Midday update for Brent oil 03-08-2018
Economies.com
2018-08-03 10:30AM UTC
Brent oil price begins to rebound bearishly after approaching 74.00 level, motivated by the negative signal that appears clearly on stochastic, waiting for more decline in the upcoming sessions conditioned by the price stability below the mentioned level, supported by the EMA50 that presses negatively on the price, reminding you that our expected targets begin at 72.00 and extend to 70.00.
Expected trading range for today is between 71.50 support and 75.00 resistance.
Expected trend for today: Bearish
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