Midday update for Brent Oil 30-09-2016
Economies.com
2016-09-30 10:51AM UTC
Brent oil price retested 48.91 level and keeps its stability above it, accompanied by stochastic reach to the oversold areas, which forms positive factor that we are waiting to assist to push the price to resume the bullish trend in the upcoming sessions, which targets 51.20 areas mainly.
Therefore, we will keep our positive overview for today unless we witnessed clear break and hold below 48.91.
Expected trading range for today is between 48.00 support and 52.00 resistance.
Expected trend for today: Bullish
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