Midday update for Brent oil 17-04-2019
Economies.com
2019-04-17 09:53AM UTC
Brent oil price continues to rise to crawl towards our waited target at 72.65, getting continuous positive support by the EMA50, which supports the expectations of surpassing the mentioned level and open the way to head towards 75.10 that represents our next main target.
In general, we will continue to suggest the bullish trend for the rest of the day unless breaking 70.65 level and holding with a daily close below it.
The expected trading range for today is between 70.65 support and 74.00 resistance.
The expected trend for today: Bullish
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