Midday update for Brent oil 17-09-2020

Economies.com
2020-09-17 09:31AM UTC

Brent oil price faced temporary negative pressure this morning to break 42.17 level but it returns to trade above it, which keeps the bullish trend scenario valid and active in the upcoming sessions, waiting to head towards 43.00 followed by 43.84 levels that represent our next main targets, reminding you that the continuation of the bullish wave requires holding above 42.17 and the most important above 41.14.

 

The expected trading range for today is between 41.00 support and 43.84 resistance.

 

The expected trend for today: Bullish

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