Midday update for Brent oil 06-12-2017
Economies.com
2017-12-06 10:42AM UTC
Brent oil price returns to fluctuate at the key support 62.35, and it needs to be released from the negative pressure via surpassing key resistance levels located between 62.90 and 63.55 to confirm the continuation of the main bullish trend.
Until now, we still suggest the continuation of the bullish trend on the intraday and short term basis conditioned by holding above 62.35, reminding you that breaking this level will push the price towards 60.95 before any new attempt to rise.
Expected trading range for today is between 61.50 support and 65.00 resistance.
Expected trend for today: Bullish
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