Midday update for Brent oil 19-08-2022
Economies.com
2022-08-19 10:41AM UTC
Brent oil price trades negatively to move below the EMA50, affected by stochastic negativity, waiting to get enough positive momentum to push the price to resume the main bullish trend, which its next target located at 100.00, noting that the continuation of the negative pressure and breaking 95.70 will stop the expected rise and force the price to return to the bearish track again.
The expected trading range for today is between 96.00 support and 100.00 resistance.
The expected trend for today: Bullish
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