Commodities

Midday update for Brent oil 19-08-2019

2019-08-19 09:25:38 GMT (Economies.com)

Brent oil price shows slight bearish bias after the rise that it witnessed this morning, reinforcing the expectations for the main bearish trend continuation, which its next main target is located ta 56.23, supported by the negative pressure that comes from the EMA50, reminding you that holding below 59.93 represents an important condition for the continuation of the expected decline.

 

The expected trading range for today is between 57.00 support and 59.95 resistance.

 

The expected trend for today: Bearish

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