Midday update for Brent oil 16-11-2017
Economies.com
2017-11-16 10:42AM UTC
Brent oil price fluctuates within tight track since morning and shows some slight bearish bias now, as it is affected by the negative momentum that appears through stochastic, while the main bullish trend still suggested for today conditioned by holding above 60.95, waiting to breach 62.35 level to reinforce the chances of testing the recently recorded top at 64.63 as a first main station.
Expected trading range for today is between 61.00 support and 64.63 resistance.
Expected trend for today: Bullish
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