Commodities

Midday update for Brent oil 23-08-2019

2019-08-23 10:19:40 GMT (Economies.com)

Brent oil price hovers near the intraday bullish trend line, waiting for breaking this level to reinforce the expectations for the main bearish trend continuation, targeting 56.23 level as a next main station, reminding you that the continuation of the expected bearish wave is conditioned by the stability of the daily close below 59.93 level.

 

The expected trading range for today is between 58.00 support and 61.00 resistance.

 

The expected trend for today: Bearish

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