Midday update for Brent oil 02-11-2020
Economies.com
2020-11-02 10:33AM UTC
Brent oil price trades with clear positivity to move away from 37.00 level, which urges caution from the upcoming trading, as we mentioned this morning that failing to break 36.36 will push the price to achieve intraday gains and potential visit to 38.77 followed by 40.23 areas before any new attempt to decline, while the price needs to confirm breaking 36.36 to rally towards 33.23 that represents our next negative target.
The expected trading range for today is between 35.00 support and 38.00 resistance.
The expected trend for today: Bearish
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