Midday update for Brent oil 18-01-2018
Economies.com
2018-01-18 11:28AM UTC
Brent oil price shows slight positive trading now as a signal for the attempt of resuming the main bullish trend, which makes us keep our positive expectations for today, depending on the stability above 68.70, supported by the EMA50 that keeps carrying the price from below, reminding you that our next main target at 72.00.
You should be aware that breaking 68.70 will stop the expected rise and pushes the price to begin bearish correction on the intraday basis.
Expected trading range for today is between 68.00 support and 72.00 resistance.
Expected trend for today: Bullish
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