Midday update for Brent oil 12-02-2019
Economies.com
2019-02-12 10:37AM UTC
Brent oil price keeps flcuatuting near the EMA50, keeping its stability below the critical rsistance at 63.10, keeping the bearish trend scenario valid for today, supported by stochastic reach to the overbought levels, waiting for resuming the bearish bias that targets visiting 59.55 level mainly.
The expected trading range for today is between 60.00 support and 63.10 resistance.
The expected trend for today: Bearish
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