Midday update for Brent oil 16-09-2019
Economies.com
2019-09-16 09:08AM UTC
Brent oil price trades negatively since morning, to begin pressing on the minor support at 64.15, reinforcing the expectations for the bearish trend continuation for the rest of the day, and its next target at 62.92, reminding you that breaking this level wil push the price towards 59.93 as a next main station, while the negative scenario will remain valid unless breaching 65.92 level and hodling above it.
The expected trading range for today is between 62.92 support and 66.50 resistance.
The expected trend for today: Bearish
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