Midday update for Brent oil 17-10-2018
Economies.com
2018-10-17 09:47AM UTC
Brent oil price shows sideways trading since morning and keeps its stability below the EMA50, to keep the negative pressure valid for today, supported by stochastic negativity, waiting to resume the bearish bias that targets 80.43 followed by 78.49 levels mainly, reminding you that it is important to hold below 82.83 to continue the expected decline.
Expected trading range for today is between 79.50 support and 82.50 resistance.
Expected trend for today: Bearish
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