Commodities

Midday update for Brent oil 18-04-2019

2019-04-18 10:02:24 GMT (Economies.com)

Brent oil price tests the EMA50 and keeps its stability above it, accompanied by stochastic reach to the oversold areas, to support the chances of resuming the expected bullish trend on the intraday and short term basis, which targets 72.65 level as a first station, while its continuation conditions holding above 70.80.

 

The expected trading range for today is between 70.50 support and 73.50 resistance.

 

The expected trend for today: Bullish

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