Midday update for Brent oil 09-10-2018

Economies.com
2018-10-09 09:45AM UTC

Brent oil price trades positively since morning to approach 85.00$ barrier, supported by the EMA50 that keeps carrying the price from below, to continue suggesting the bullish trend for the rest of the day conditioned by the price stability above 84.25 and 83.55 levels, reminding you that our next main station reaches 87.30.

 

Expected trading range for today is between 83.40 support and 86.00 resistance.

 

Expected trend for today: Bullish

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