Midday update for Brent oil 20-06-2019
Economies.com
2019-06-20 09:39AM UTC
Brent oil price tests 62.92 resistance, which urges caution from the upcoming trading, as continuing the bullish bias and breaching this level will push the price out of the sideways range that appears on the chart and lead the price to start attempts to regain the bullish trend on the short term and medium term basis.
Until now, the positive scenario still valid until the price confirms breaching the mentioned resistance, noting that this breach will push the price to achieve positive targets that start at 65.92 and extend to 68.90.
The expected trading range for today is between 60.50 support and 63.50 resistance.
The expected trend for today: Sideways
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