Midday update for Brent oil 24-07-2020

Economies.com
2020-07-24 10:21AM UTC

Brent oil price continues to fluctuate around 43.50, and we still waiting to confirm the price situation according to this level to detect its next targets clearly, which makes ur continue with our neutrality until now, noting that the contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality, while the expected targets after the beach explained in our morning report.

 

The expected trading range for today is between 41.50 support and 45.50 resistance.

 

The expected trend for today: Neutral

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