Midday update for Brent oil 05-08-2020
Economies.com
2020-08-05 09:08AM UTC
Brent oil price surpassed 44.40 level and attempts to build solid support base, to support the chances of continuing the rise on the short term and medium term basis, noting that the bullish bias will remain suggested for the rest of the day conditioned by the price stability above the mentioned level, noting that our targets begin by testing 45.00 and extend to 46.10 after surpassing the previous level.
The expected trading range for today is between 43.00 support and 46.00 resistance.
The expected trend for today: Sideways
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