Midday update for Brent oil 17-07-2017
Economies.com
2017-07-17 10:29AM UTC
Brent oil price fluctuates in sideways track since morning settled near 49.00 level, as long as the price above 48.28, so the bullish bias will remain preferred for today, waiting for braeching 49.50 level to confirm opening the way towards 50.72.
The EMA50 keeps supporting the suggested bullish wave, remdining you that breaking 48.28 will push the price to test the most important support level for the short term trading at 46.78 before any new attempt to rise.
Expected trading range for today is between 47.90 support and 50.72 resistance.
Expected trend for today: Bullish
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