Commodities

Midday update for Brent oil 11-02-2019

2019-02-11 10:30:40 GMT (Economies.com)

Brent oil price provides some slight bullish bias now to move above 62.00, but the bearish trend still valid as long as the price is below 63.10, as breaching this level will lead the price to achieve gains that reach 68.00 on the near term basis, while the next target of the expected bearish wave is located at 59.55.

 

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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