Midday update for Brent oil 10-07-2020
Economies.com
2020-07-10 10:55AM UTC
Brent oil price shows more decline to approach 41.00 barrier, which supports the expectations of continuing the bearish trend on the intraday and short term basis, waiting to visit 40.00 as a first target, reminding you that breaking this level will extend the bearish wave to reach 37.86, while the expected decline will remain valid conditioned by the price stability below 42.60.
The expected trading range for today is between 40.00 support and 43.30 resistance.
The expected trend for today: Bearish
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