Midday update for Brent oil 15-01-2018
Economies.com
2018-01-15 11:15AM UTC
Brent oil price shows sideways and tight trades since morning and settles near 70.00$ barrier, and as long as the price is above 68.70, our bullish overview will remain active for today, supported by the EMA50 that carries the price from below, reminding you that our next target is located at 71.15.
We should note that breaking 68.70 will stop the suggested rise and push the price to start short term bearish correction.
Expected trading range for today is between 68.70 support and 72.00 resistance.
Expected trend for today: Bullish
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