Midday update for Brent Oil 20-04-2017
Economies.com
2017-04-20 11:03AM UTC
Brent oil price resumes its positive trading to approach from the bullish flag resistance located at 55.60, as the price gets positive signals through stochastic, waiting to push the price to breach the mentioned level followed by continuing the bullish trend, noticing that the price attempts to get rid of the negative pressure formed by the EMA50.
In general, the bullish bias will remain suggested in the upcoming period conditioned by holding above 54.40, reminding you that our next main target is located at 58.36.
Expected trading range for today is between 51.50 support and 55.50 resistance.
Expected trend for today: Depends on the above mentioned levels
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