Commodities

Midday update for Brent oil 10-08-2018

2018-08-10 10:54:39 GMT (Economies.com)

Brent oil price trades negatively since morning to move below 72.00 level, which supports the continuation of our bearish overview efficiently in the upcoming period, organized inside the bearish channel, reminding you that our main targets begin at 70.00 and extend to 67.50 after breaking the previous level, while holding below 74.00 represents key condition to continue the expected decline.

 

Expected trading range for today is between 70.00 support and 73.50 resistance.

 

Expected trend for today: Bearish

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