Midday update for Brent oil 15-01-2021
Economies.com
2021-01-15 10:45AM UTC
Brent oil price faces new negative pressure to attack 55.78, which urges caution from the upcoming trading, as the price needs to hold above this level to keep the bullish trend active, which targets 57.77 followed by 60.65 levels as next main stations.
We should note that breaking the above mentioned support will complete forming negative pattern that has the ability to turn the intraday and short term track to the downside.
The expected trading range for today is between 55.00 support and 57.77 resistance.
The expected trend for today: Bullish
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