Midday update for Brent oil 22-09-2017
Economies.com
2017-09-22 10:41AM UTC
Brent oil price shows some slight bearish bias that hints heading for new retest to 55.90 level, reminding you that holding above this level represents the first protecting factor to the continuation of our positive overview, as the price continues to trade organized inside the main bullish channel, supported by the EMA50.
Therefore, we believe that the chances are valid to head towards our positive targets that mainly begin at 58.37, conditioned by holding above 55.90.
Expected trading range for today is between 55.00 support and 58.37 resistance.
Expected trend for today: Bullish
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