Midday update for Brent oil 06-08-2018
Economies.com
2018-08-06 09:55AM UTC
Brent oil price did not show any strong move since morning testing the EMA50 that forms intraday resistance that protects the recently suggested negative scenario.
Therefore, we will continue to suggest the bearish trend conditioned by the price stability below 74.00, reminding you that our main 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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