Midday update for Brent oil 11-07-2018
Economies.com
2018-07-11 09:24AM UTC
Brent oil price continues to decline to approach the key support 76.47, and as long as the price is above this level, our bullish overview will remain active, supported by stochastic reach to the oversold areas.
Our main waited target is located at 80.48, while breaking the above mentioned support will press the price to suffer losses that reach 74.00 initially.
Expected trading range for today is between 77.00 support and 80.48 resistance.
Expected trend for today: Bullish
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