Midday update for Brent oil 02-12-2020

Economies.com
2020-12-02 10:36AM UTC

Brent oil price trades positively affected by stochastic positivity, but as long as the price is below 48.10, our bearish overview will remain valid and active for today, waiting to get negative motive that assists to push the price to resume the negative trades that target testing 45.88 level initially.

 

The expected trading range for today is between 45.50 support and 48.10 resistance.

 

The expected trend for today: Bearish

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