Commodities

Midday update for Brent oil 19-02-2019

2019-02-19 12:03:45 GMT (Economies.com)

The tight range dominates Brent oil price trades since morning, and as long as the price is above 63.95, the bullish trend scenario will remain active for today, supported by the EMA50, noticing that stochastic gains the positive momentum gradually, while our main targets located at 68.00 and extend to 72.65 after breaching the previous level.

 

The expected trading range for today is between 65.00 support and 68.00 resistance.

 

The expected trend for today: Bullish

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