Midday update for Brent oil 20-07-2017
Economies.com
2017-07-20 09:54AM UTC
Brent oil price keeps its stability above 49.50 level, which keeps the bullish trend scenario valid for today, waiting to head towards 50.72 level initially.
Stochastic negativity interprets the reasons of the current sideways fluctuation, noting that breaking 49.50 will stop the expected rise and push the price to test 48.28 areas before any new attempt to rise.
Expected trading range for today is between 48.28 support and 51.00 resistance.
Expected trend for today: Bullish
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