Midday update for Brent oil 23-07-2020

Economies.com
2020-07-23 09:39AM UTC

Brent oil price resumes its positive trading to approach our first waited target at 45.00, waiting to surpass this level to open the way to head towards our next target that reaches 46.35, thus, we will continue to suggest the bullish trend for the rest of the day, supported by the EMA50, reminding you that it is important to hold above 43.35 to continue the expected rise.

 

The expected trading range for today is between 43.00 support and 46.35 resistance.

 

The expected trend for today: Bullish

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