Midday update for Brent oil 20-11-2017
Economies.com
2017-11-20 10:53AM UTC
Brent oil price is testing the first support base 62.35, and the EMA50 meets this support to add more strength to it, waiting to resume the positive trading in the upcoming sessions to resume the main bullish track.
In general, we will continue to suggest the bullish trend in the upcoming period conditioned by holding above 62.35 and 60.95 levels, noting that our main targets begin at 64.63 and extend to 70.00 after breaching the previous level.
Expected trading range for today is between 61.50 support and 64.63 resistance.
Expected trend for today: Bullish
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