Midday update for Brent oil 13-06-2019
Economies.com
2019-06-13 09:29AM UTC
Brent oil price traded with strong positivity after the attack on the oil tankers at Gulf of Oman, which might push the price to achieve more rise in the upcoming sessions, and we prefer staying aside temporarily until the price confirms its next destination clearly.
Note that the continuation of the rise and breaching 62.92 will push the price to continue the bullish trend and achieve additional gains that reach 65.92, while breaking 59.93 will press on the price to resume the main bearish trend that its next target located at 56.23.
The expected trading range for today is between 58.00 support and 62.90 resistance.
The expected trend for today: Neutral
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