Midday update for Brent Oil 21-04-2017

Brent oil price settles near the key support 52.71, and the price still stuck between the mentioned support and 54.87 resistance, which represent the next trend keys, as the price needs to breach one of these levels to detect its next destination clearly.

Therefore, our neutrality will remain valid until we get clearer signal for the next trend, and for more details about the expected targets after the breach, please review our morning report.

Expected trading range for today is between 51.50 support and 55.00 resistance.

Expected trend for today: Depends on the above mentioned levels