Midday update for Brent Oil 08-12-2016
Economies.com
2016-12-08 11:11AM UTC
Brent oil price trades with calm positivity after leaning on 52.83 level, which supports the continuation of our bullish trend expectations efficiently for the upcoming period, supported by stochastic and the EMA50 positivity, which makes us believe that the way is open to head towards our next main target at 56.59.
Therefore, we will be waiting for more positive trading in the upcoming sessions conditioned by the price stability above 52.83.
Expected trading range for today is between 52.00 support and 55.50 resistance.
Expected trend for today: Bullish
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