Brent oil price is stable – Analysis - 13-08-2019
Economies.com
2019-08-13 05:09AM UTC
Brent oil price did not show any strong move yesterday, to continue fluctuating around 58.00 level, and as long as the price is below 59.93, our bearish overview will remain active for the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our first main target is located at 56.23, which breaking it represents the key to rally towards 54.00 as a next station.
The expected trading range for today is between 56.23 support and 59.50 resistance.
The expected trend for today: Overall Bearish
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