Midday update for Brent oil 21-08-2019
Economies.com
2019-08-21 09:38AM UTC
Brent oil price shows more of the upside moves to breach 59.93 level and moves above it now, which requires being aware from the upcoming trading, where holding above this level will stop the expectations of moving lower and pushes the price to achieve more of the gains on the intraday and short term basis, while the price needs to trade below the mentioned level to resume the bearish trend that its next target located at 56.23.
The expected trading range for today is between 58.00 support and 61.00 resistance.
The expected trend for today: Bearish
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