Midday update for Brent oil 12-07-2019
Economies.com
2019-07-12 10:30AM UTC
Brent oil price fluctuates with calm positive trading, in attempt to reach the bullish channel’s resistance that represents our initial main target at 68.05, getting positive signals by stochastic and the EMA50, which supports the expectations for the continuation of the bullish trend for the rest of the day, and its targets extend to reach 69.92 after breaching the previous level, reminding you that holding above 65.92 represents an important condition for achieving the uggested tragets.
The expected trading range for today is between 65.92 support and 69.00 resistance.
The expected trend for today: Bullish
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