Midday update for Brent Oil 17-01-2017
Economies.com
2017-01-17 11:36AM UTC
Brent oil price rallied higher strongly achieving good gains after the fluctuation near the EMA50 recently, therefore, we wait for targeting 58.37 level initially, and breaching it represents a key of the bullish wave extension towards 59.88.
Therefore, we will keep preferring the bullish trend in the upcoming sessions conditioned by its stability above 53.70 level.
Expected trading range for today is between 54.00 support and 58.37 resistance.
Expected trend for today: Bullish
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