Midday update for Brent oil 12-12-2019
Economies.com
2019-12-12 10:43AM UTC
Brent oil price shows some bullish bias to hint the price head to resume the expected bullish trend on the intraday and short term basis, getting continuous positive support by the EMA50, to keep the bullish trend valid for today, organized inside the bullish channel that appears on the chart, noting that holding above 62.50 represents key condition to achieve the waited targets.
The expected trading range for today is between 62.50 support and 65.40 resistance.
The expected trend for today: Bullish
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