Midday update for Brent oil 07-12-2017
Economies.com
2017-12-07 10:32AM UTC
Brent oil price fluctuates within sideways track since morning and still stable near 60.95 level, reminding you that we are waiting to break this level to confirm extending the bearish wave towards 59.81, as the expected decline will remain valid as long as the price remains stable below 62.35.
We remind you that the waited target represented the bullish channel's support that appears on the chart, which means that we will be waiting for bullish rebound from these areas to resume the main bullish trend again.
Expected trading range for today is between 59.80 support and 63.00 resistance.
Expected trend for today: Bearish
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