Midday update for Brent oil 16-01-2018
Economies.com
2018-01-16 11:47AM UTC
Brent oil price makes new test to the initraday bullish chnannel’s support, pointing that the EMA50 meets the mentioned support to strengthen it, reinforcing the expectatios for the overall bullish trend, which depend on the stability of the daily close above 68.70.
Therefore, we will keep preferring the bullish trend in the upcoming sessions, pointing that our next main target at 71.45.
Expected trading range for today is between 68.70 support and 72.00 resistance.
Expected trend for today: Bullish
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