Midday update for Brent Oil 26-05-2017
Economies.com
2017-05-26 10:56AM UTC
Brent oil price traded with clear positivity since morning in its way to our first waited target at 52.71, and the price gets positive factor by stochastic, reinforcing the expectations for the continuation of the bullish trend in the upcoming sessions, reminding you that breaching the mentioned level will open the way towards 54.87 on the near term basis.
In general, the expected rise will remain valid for today unless breaking 50.96 level and holding with a daily close below it.
Expected trading range for today is between 50.00 support and 53.50 resistance.
Expected trend for today: Bullish
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