Midday update for Brent oil 28-06-2017
Economies.com
2017-06-28 10:57AM UTC
Brent oil price settles above the EMA50, showing positive attempts on its way for new test to 47.05 level, waiting to breach this level to confirm heading towards 49.21 as a next main station.
In general, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 45.55 level and holding below it, noting that stochastic provides positive overlapping signal that reinforces the expectations to rise.
Expected trading range for today is between 45.55 support and 49.00 resistance.
Expected trend for today: Bullish
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