Midday update for Brent oil 07-12-2018

2018-12-07 10:39:27 GMT (Economies.com)
Midday update for Brent oil 07-12-2018
 

Brent oil price shows sideways trading since morning and keeps its stability below 61.80, noticing that stochastic loses its positive momentum gradually, while the EMA50 forms negative pressure against the price.

 

Thus, these factors encourage us to continue suggesting the bearish trend that its targets begin at 57.77 and extend to 56.91 after breaking the previous level.

 

Expected trading range for today is between 57.50 support and 61.00 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
Live Forex Updates