Midday update for Brent oil 05-12-2018
Economies.com
2018-12-05 10:30AM UTC
Brent oil price shows some slight bullish bias after testing 61.00 level today, but it’s still below the EMA50 that forms intraday resistance at 61.80, which keeps the bearish trend scenario active for today, targeting 57.77 areas mainly, reminding you that it is important to hold below 61.80 to continue the expected decline.
Expected trading range for today is between 59.00 support and 62.00 resistance.
Expected trend for today: Bearish
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