Midday update for Brent oil 14-08-2019
Economies.com
2019-08-14 10:09AM UTC
Brent oil price crawls downwards calmly to approach 59.93 level, and as we mentioned this morning, this level represents the key to detect the next destination, to continue with our neutrality until the price confirms its situation according to the mentioned level, as the contradiction between the EMA50 positivity and stochastic negativity still valid.
To review the details of the expected targets of the upcoming period, please check our morning report.
The expected trading range for today is between 58.50 support and 62.00 resistance.
The expected trend for today: Neutral
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