Midday update for Brent oil 26-04-2019
Economies.com
2019-04-26 10:24AM UTC
Brent oil price shows additional positive trades to test the critical support 72.65, and the price needs to hold above this level to keep the bullish trend active for the upcoming period, supported by stochastic and the EMA50 positivity, waiting to head towards 79.50 that represents our next main station, noting that breaking the mentioned support will press on the support to test 70.90 areas before any new positive attempt.
The expected trading range for today is between 73.00 support and 76.00 resistance.
The expected trend for today: Bullish
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