Midday update for Brent oil 01-12-2020
Economies.com
2020-12-01 10:24AM UTC
Brent oil price provided positives trades this morning to test the key resistance 48.15, but it shows bearish bias now, which keeps the bearish trend scenario valid and active for the rest of the day, waiting to break 47.30 to ease the mission of heading towards 45.88 that represents our next negative target, while holding below 48.15 represents key condition to continue the expected decline.
The expected trading range for today is between 45.88 support and 48.70 resistance.
The expected trend for today: Bearish
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