Midday update for Brent oil 12-09-2019

Brent oil price shows new negative tardin trading to attack 59.93 level and moves below it now, providing signals for the price head towards suffering more of the losses and turn to the downside, in its way towards achieving negative targets reaching to 56.23.

Now, we prefer staying aside until confirming the daily candlestick’s close that its next target at 62.92.

The expected trading range for today is between 59.50 support and 62.92 resistance.

The expected trend for today: Neutral