Midday update for Brent oil 28-07-2017
Economies.com
2017-07-28 11:17AM UTC
The tight range dominates Brent oil price since morning to fluctuate around 51.50 level, and as long as the price is above 49.50, the bullish trend scenario will remain active for today, reminding you that our next target is located at 52.22.
Therefore, the bullish trend will remain valid and active for today, noting that breaching the targeted level will extend Brent oil price to reach 54.65 on the near term basis.
Expected trading range for today is between 50.00 support and 53.50 resistance.
Expected trend for today: Bullish
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