Midday update for Brent oil 19-10-2018
Economies.com
2018-10-19 10:19AM UTC
Brent oil price settles around 79.50 level since morning, and the price still within the bearish channel that carries the price from the recently recorded top at 86.70, to keep the bearish trend scenario active for today conditioned by the price stability below 80.43 level, supported by the negative pressure formed by the EMA50, reminding you that our waited targets begin at 78.49 and extend to 76.56.
Expected trading range for today is between 77.50 support and 80.43 resistance.
Expected trend for today: Bearish
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