Midday update for Brent oil 03-06-2020
Economies.com
2020-06-03 09:26AM UTC
Brent oil price settles above 40.00 barrier, getting continuous positive support by the EMA50, waiting to resume the bullish trend that its next main targets located at 42.40 followed by 43.25, taking into consideration that breaking 39.00 will stop the suggested rise and force the price to start bearish correction that its targets begin by testing 36.95.
The expected trading range for today is between 38.70 support and 42.40 resistance.
The expected trend for today: Bullish
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