Midday update for Brent oil 25-07-2017
Economies.com
2017-07-25 10:04AM UTC
Brent oil price crawls gradually to the upside to reach the threasholds of the critical resistance level at 49.50, and we still waiting for breaching this level to confirm the continuation of the bullish trend on the short term basis and head to 50.72 as a next main station.
Therefore, we will keep preferring the bullish trend in the upcoming sessions conditioned by holding above 48.28 and 47.65 levels.
Expected trading range for today is between 47.50 support and 51.00 resistance.
Expected trend for today: Bullish
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