Midday update for Brent oil 08-01-2019 Brent oil price keeps its stability above 56.91 level, and begins to rise slightly now, to keep the bullish tre

Economies.com
2019-01-08 10:04AM UTC

Brent oil price keeps its stability above 56.91 level, and begins to rise slightly now, to keep the bullish trend scenario valid for the rest of the day, noticing that stochastic approaches providing a positive overlapping signal to motivate the price to continue rising, as our next main targets located at 61.20 followed by 63.95.

 

Expected trading range for today is between 56.50 support and 59.50 resistance.

 

Expected trend for today: Bullish

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