Midday update for Brent oil 19-01-2018
Economies.com
2018-01-19 11:53AM UTC
Brent oil price provides clear positive trades now after testing the first correctional level at 68.36, affected by stochastic positivity, to approach testing the first key resistance at 69.20.
As we mentioned this morning, holding below the mentioned resistance and below 70.33 will keep the correctional bearish scenario active for the upcoming period, which its next target extends to reach 67.14, taking into consideration that breaching 70.33 will stop the expected decline and lead the price to regain its main bullish track again.
Expected trading range for today is between 67.14 support and 70.32 resistance.
Expected trend for today: Bearish
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