Midday update for Brent oil 14-02-2020

2020-02-14 11:09:38 GMT (Economies.com)
 

Brent oil price shows shows positive trading now to approach testing the key resistance 57.36, and as we mentioned in our morning report, the stability of the daily close below this level keeps our bearish overview valid for today, supported by the negative signal provided by stochastic, waiting to head towards 52.00 as a next main station, taking into consideration that breaching 57.36 will push the price to achieve more bullish correction that its next target located at 59.91.

 

The expected trading range for today is between 54.20 support and 57.36 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1677
0.0006
0.0518%
1.2866
-0.0002
0.0187%
Tadawul
8334.65
20.45
0.25%
23.791
0.435
1.863%
40.633
0.343
0.851%
42.43
0.51
1.22%
1884.745
12.050
0.643%
 
 
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