Midday update for Brent oil 21-07-2017
Economies.com
2017-07-21 10:36AM UTC
Brent oil price provides positive trading now to breach 49.50 level and attempts to hold above it, which supports the continuation of our bullish overview efficiently in the upcoming period, supported by stochastic and the EMA50 positivity, waiting to test 50.72 initially.
Holding above 48.28 represents the first condition to continue the expected bullish trend, as breaking it will push the price to test 46.78 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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