Midday update for Brent oil 08-10-2018
Economies.com
2018-10-08 09:38AM UTC
Brent oil price shows more bearish bias to head towards our waited target at 81.90, reinforcing the expectations of continuing the bearish trend for the rest of the day, noting that it is important to monitor the price behavior when reaching the targeted level, as breaking it will extend the bearish wave to target 77.90 leve las a next main station, while the expected decline will remain valid unless breaching 84.25 level and holding above it.
Expected trading range for today is between 81.90 support and 84.25 resistance.
Expected trend for today: Bearish
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