Midday update for Brent Oil 10/02/2016
Economies.com
2016-02-10 11:02AM UTC
Brent oil price hovers near the bearish channel’s resistance level that appears in the chart, where the price affected by stochastic positivity that caused by the current sideways fluctuation.
In general, the bearish trend scenario remains valid and active in the upcoming sessions as long as the price below 33.55 level, reminding you that our next main target at 27.09.
Expected trading range for today is between 29.00 support and 33.00 resistance.
Expected trend for today: Bearish
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