Midday update for Brent oil 07-11-2019
Economies.com
2019-11-07 10:27AM UTC
Brent oil price trades positively now to reach 62.50 level, and as we mentioned in our recent reports, the price needs ot hold below this level to keep the bearish trend scenario valid for the upcoming period, waiting to get enough negative motive to push the price to rebound bearishly and head towards 59.60 that represents our next main target.
The expected trading range for today is between 59.60 support and 62.50 resistance.
The expected trend for today: Bearish
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