Midday update for Brent oil 16-10-2018
Economies.com
2018-10-16 09:40AM UTC
Brent oil price presses negatively on 80.43 level to break it and moves below it now, which supports the continuation of the expected bearish trend scenario efficiently in the upcoming period, reinforced by the negative pressure formed by the EMA50, paving the way to head towards 78.49 that represents our next main target, reminding you that it is important to hold below 82.83 to continue the suggested negative scenario.
Expected trading range for today is between 79.00 support and 82.30 resistance.
Expected trend for today: Bearish
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