Midday update for Brent oil 22-08-2019
Economies.com
2019-08-22 10:00AM UTC
Brent oil price keeps flcuatuting near 59.93 level, as we mentioned this morning, the price needs to settle below this level, to keep the bearish trend dominant in the upcoming sessions, where the failure of holding below it will push the price for achieving extra gains that reach to 62.92 on the near term basis, while the next main target of the expected bearish wave that is 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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