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Brent Oil Analysis

Brent oil is struggling to extend the rally from $ 47.71 to $ 200-DMA. Brent oil gave up a footing some time ago, but the rally is

Yazar: editor_1

Yayınlanma: 30 Temmuz 2020 23:14

Güncellenme: 7 Kasım 2024 01:36

Brent Oil Analysis

Brent oil is struggling to extend the rally from $ 47.71 to $ 200-DMA. Brent oil gave up a footing some time ago, but the rally is struggling in the near term with trend resistance just below the $ 45 limit from June. Credit Suisse strategists predict a higher trend, with black gold rising to $ 47.71. “The next level of resistance appears to be at $ 45.18 / $ 50, followed by an even more significant level at $ 47.71 on the 200-day average. A direct fracture can be resistant to 61.8%. "The $ 41.32 boost is now ideal to keep the immediate risk higher. Down could be a warning of a fall to $ 37.01. ”
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