Midday update for Brent oil 19-07-2021
Economies.com
2021-07-19 09:50AM UTC
Brent oil price trades with strong negativity to reach the thresholds of the waited target at 71.20, and we expect the continuation of the negative pressure affected by the completion of the double top pattern that has negative targets that extend to 69.60.
Therefore, we expect to witness more decline on the intraday and short term basis conditioned by the price stability below 72.75.
The expected trading range for today is between 70.70 support and 73.70 resistance.
The expected trend for today: Bearish
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