Midday update for Brent oil 17-07-2019

Economies.com
2019-07-17 09:28AM UTC

Brent oil price provides positive trading after leaning on the bullish channel’s support line, getting positive signals through stochastic, waiting to achieve more rise for the rest of the day, noting that our first target is located at 65.92, which breaching it represents the key to rally towards 67.00 followed by 69.62 levels as next main stations, reminding you that it is important to hold above 63.95 and 62.92 levels to continue the expected rise.

 

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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