Midday update for Brent oil 24-07-2017
Economies.com
2017-07-24 10:37AM UTC
Brent oil price started to breach the key resistance 48.28 now, and as we mentioned this morning, breaching this level will ease the mission of continuing the bullish trend that targets 49.50 followed by 50.72 levels as next mains stations.
In general, the bullish trend scenario will remain valid and active for the rest of the day unless breaking 47.50 level and holding below it, noting that stochastic provides positive signals that support the expectations to rise.
Expected trading range for today is between 46.78 support and 50.72 resistance.
Expected trend for today: Bullish
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