Midday update for Brent oil 20-10-2021
Economies.com
2021-10-20 09:15AM UTC
Brent oil price declines gradually and moves below 84.00 barrier, waiting for more decline to visit 83.00 followed by 81.40 levels that represent our main targets, noting that stochastic continues to provide the negative signals that reinforce the expectations of continuing the decline, which will remain valid unless breaching 85.15 and holding above it.
The expected trading range for today is between 82.50 support and 85.15 resistance.
The expected trend for today: Bearish
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