Midday update for Brent oil 07-01-2019

Economies.com
2019-01-07 10:33AM UTC

Brent oil price resumes its positive trading after confirming the stability above the support base that formed above 56.91 level, to keep our bullish trend expectations for the rest of the day, which gets positive support that comes from the EMA50, while its main targets are located at 61.20 then 63.95.

 

Expected trading range for today is between 56.50 support and 60.00 resistance.

 

Expected trend for today: Bullish

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