Midday update for Brent oil 26-09-2017
Economies.com
2017-09-26 09:57AM UTC
Brent oil price trades with clear negativity to retest the key support base formed above 58.37 after breaching it previously, and the price needs to hold above this level to keep the bullish trend active for today, which its next main target located at 59.00.
We should note that breaking 58.37 and holding with a daily close below it might force the price to provide some negative trading to test 56.20 followed by 54.55 areas before any new attempt to rise.
Expected trading range for today is between 58.00 support and 61.27 resistance.
Expected trend for today: Bullish
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