Midday update for Brent oil 15-10-2018

Economies.com
2018-10-15 09:41AM UTC

Brent oil price trades negatively to test 80.43 level, waiting to break this level to open the way to head towards 78.50 that represents our next main target, to keep the bearish trend scenario active for today, supported by the EMA50, conditioned by the price stability below 82.83.

 

Expected trading range for today is between 79.50 support and 82.83 resistance.

 

Expected trend for today: Bearish

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