Midday update for Brent oil 27-01-2020
Economies.com
2020-01-27 11:15AM UTC
Brent oil price keeps declining to move below 58.00 barrier now, which supports our expectations of achieving more decline in the upcoming period, and we believe that the way is open to visit 56.00 level as a next main station.
Therefore, the bearish trend scenario will remain active for today conditioned by the price stability below 59.60.
The expected trading range for today is between 56.50 support and 59.60 resistance.
The expected trend for today: Bearish
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