Commodities

Midday update for Brent oil 19-03-2019

2019-03-19 11:16:58 GMT (Economies.com)

Brent oil price keeps rising to reach 68.00 level now, to keep the bullish trend valid and active on the intraday and short term basis, supported by the EMA50 that carries the price from below, wating for visiting 72.65 level that represents our next main target, reminding you that holding above 66.50 is important for the continuation of the expected bullish wave.

 

The expected trading range for today is between 66.50 support and 69.50 resistance.

 

The expected trend for today: Bullish

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