Commodities

Midday update for Brent oil 13-09-2019

2019-09-13 10:38:42 GMT (Economies.com)

Brent oil price resumes its negative trading after testing 59.93 level in the last sessions, keeping the bearish trend scenario valid and active for today, supported by moving below the EMA50, pointing that our waited targets begin at 57.85 and extend to 56.23, while achieving them requires holding below 56.23 level.

 

The expected trading range for today is between 57.00 support and 60.70 resistance.

 

The expected trend for today: Bearish

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