Midday update for Brent Oil 28-03-2017
Economies.com
2017-03-28 11:34AM UTC
Brent oil price shows clear positive trading to move above 50.96 level, which requires being aware from the upcoming trading, where the price stability with a daily close above the mentioned level will push the price to test 52.71 and 53.20 levels before any new attempt to resume the bearish correctional bias.
In general, the negative scenario will remain valid for today unless breaching 50.96 level, reminding you that our next main target located at 49.21.
Expected trading range for today is between 48.50 support and 52.00 resistance.
Expected trend for today: Bearish
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