Midday update for Brent oil 10-10-2018
Economies.com
2018-10-10 09:56AM UTC
Brent oil price did not show any strong move since morning, to fluctuate around 84.70 level, while stochastic attempts to get rid of its negativity and gain the positive momentum on the four hours’ time frame.
Therefore, we will keep our bullish overview conditioned by the price stability above 84.25 and 83.65 levels, noting that our next target is located at 87.60.
Expected trading range for today is between 83.65 support and 87.00 resistance.
Expected trend for today: Bullish
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