Brent Oil Analysis

Brent Oil Analysis

Brent Petrol will continue to recover towards the $ 200 DMA level above $ 48. Brent Crude is currently trading around mid-44.00, and strategists at Credit Suisse expect black gold to continue recovering from $ 48.13, which is thought to have stopped, to the 200-DMA. “Brent Crude Oil has recently established a base, and the 50% drop in the first quarter should have dropped to $ 43.86, ending the final consolidation for the recovery to begin again. We see the next resistance at $ 45.18 / 50 and more importantly at $ 48.13 / 19. In the direct and closing break, the next resistance can see resistance at 61.8%, withdrawing in the first quarter dropped to $ 50.45. ” “The $ 39.47 support is now ideal for keeping the emergency risk higher. Below, we will warn about falling to $ 37.01, possibly $ 33.62. - Credit Suisse