Midday update for Brent oil 14-08-2018
Economies.com
2018-08-14 10:57AM UTC
Brent oil price shows more bullish bias on its way for a potential test to 74.00 level, and as long as the price is below this level, our bearish overview will remain active, supported by the overbought signals that appears through stochastic, waiting to break 72.00 level to ease the mission of heading towards 70.00 followed by 67.50 levels as next main targets.
Expected trading range for today is between 70.50 support and 74.00 resistance.
Expected trend for today: Bearish
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