Midday update for Brent oil 18-02-2020
Economies.com
2020-02-18 11:28AM UTC
Brent oil price shows more bearish bias to start testing the key support 56.30, and as we mentioned this morning, breaking this level is required to reinforce the expectations of continuing the decline on the intraday and short term basis, to keep the bearish trend valid and active for the rest of the day, reminding you that our waited targets begin at 54.65 followed by 53.20, while achieving them requires holding below 57.36.
The expected trading range for today is between 55.00 support and 58.00 resistance.
The expected trend for today: Bearish
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