Midday update for Brent oil 08-08-2018
Economies.com
2018-08-08 09:44AM UTC
Brent oil price keeps its stability above 74.00 level, to keep the bullish trend scenario active for today, supported by the EMA50, waiting to test 76.47 level mainly, which breaching it represents the key to rally towards 78.00 as a next main station, while holding above 74.00 represents key condition to continue the suggested bullish wave.
Expected trading range for today is between 73.00 support and 76.47 resistance.
Expected trend for today: Bearish
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