Midday update for Brent oil 16-07-2019
Economies.com
2019-07-16 09:38AM UTC
Brent oil price shows positive trading after consolidating above 65.92, and stochastic continues to provide the positive signals, which keeps the bullish trend scenario active for today, which targets 69.92 level as a next main station, noting that breaking 65.92 and holding below it will press on the price to decline towards 63.75 areas before any new attempt to rise.
The expected trading range for today is between 65.00 support and 68.50 resistance.
The expected trend for today: Bullish
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