Midday update for Brent oil 15-01-2019

Economies.com
2019-01-15 10:55AM UTC

Brent oil price shows sideways and tight trading since morning and keeps its stability below 60.50, which keeps the bearish scenario active for today, noting that breaking 58.85 is required to reinforce the chances of heading towards our main waited target at 56.91.

 

Expected trading range for today is between 57.50 support and 61.00 resistance.

 

Expected trend for today: Bearish

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