Midday update for Brent oil 18-06-2021
Economies.com
2021-06-18 09:02AM UTC
Brent oil price attempts to break 23.6% Fibonacci correction level without managing to hold below it until now, and the EMA50 forms negative pressure against the price to support the expectations of continuing the bearish trend for today, which its next target located at 70.96, reminding you that the continuation of the bearish wave depends on the price stability below 73.45.
The expected trading range for today is between 71.00 support and 73.45 resistance.
The expected trend for today: Bearish
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