Midday update for Brent oil 12-10-2018

2018-10-12 10:14:30 GMT (Economies.com)
Midday update for Brent oil 12-10-2018
 

Brent oil price shows bullish bias on its way for a potential test to the key resistance 82.83, affected by stochastic positivity, but the correctional bearish trend still valid as long as the price is below the mentioned resistance, as breaching it will push the price back to the minor bullish channel again, while breaking 80.43 represents the key to rally towards 78.50-78.25 levels that represent our next main station.

 

Expected trading range for today is between 79.00 support and 82.00 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1586
0.0041
0.3543%
1.3182
0.0095
0.7271%
14.725
0.128
0.874%
71.070
-0.413
0.579%
80.20
-0.57
0.71%
1229.335
11.675
0.959%
 
 
Live Forex Updates