Midday update for Brent oil 08-02-2019
Economies.com
2019-02-08 10:42AM UTC
Brent oil price hovers around the EMA50 and settles below it, to keep the negative pressure valid for today, which depends on the price stability below the key resistance 63.10, waiting to resume the bearish trend that targets visiting 59.55 level as a next main station.
The expected trading range for today is between 59.00 support and 62.50 resistance.
The expected trend for today: Bearish
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