Update: Brent oil breaks the support

Economies.com
2016-07-22 17:36PM UTC

Brent oil price continued its negative trading to break 45.90 level and settles below it, which activates the negative scenario in the upcoming period, opening the way to target 43.00 areas as a next main station.

 

Therefore, the bearish bias will be dominating the intraday trades unless the price managed to breach 46.76 followed by 48.10 levels and hold above them.

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