Midday update for Brent oil 13-08-2018
Economies.com
2018-08-13 10:01AM UTC
Brent oil price hovers around the bearish channel’s resistance line, while stochastic and the EMA50 still negative, which makes us keep our bearish overview for the upcoming sessions, depending on the price stability below 74.00, noting that breaking 72.00 is required to reinforce the chances of heading towards our main targets at 70.00 followed by 67.50.
Expected trading range for today is between 70.50 support and 73.50 resistance.
Expected trend for today: Bearish
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