Midday update for Brent oil 14-02-2019
Economies.com
2019-02-14 10:44AM UTC
Brent oil price succeeded to breach 63.95 level and rallies upwards to move away from this level, which supports the expectations of continuing the bullish trend in the upcoming period, organized inside a bullish channel that reinforces the chances of achieving our waited positive targets, located at 68.00 followed by 72.65.
Therefore, the bullish trend scenario will remain active for today unless breaking 63.10 level and holding below it.
The expected trading range for today is between 63.00 support and 66.00 resistance.
The expected trend for today: Bullish
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