Midday update for Brent oil 12-06-2019
Economies.com
2019-06-12 10:02AM UTC
Brent oil price managed to touch 59.93 level and settles near it now, and the way seems open to surpass this level to keep declining on the intraday and short term basis, supported by the negative pressure formed by the EMA50, noting that the extended target reaches 56.23, while achieving it conditions holding below 62.92.
The expected trading range for today is between 59.00 support and 62.00 resistance.
The expected trend for today: Bearish
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