BRENT OIL TO REGAIN DOWNWARD MOMENTUM ON FAILURE AT $81 – SOCGEN

avatar
· 阅读量 45


Brent is inching towards first resistance at $81. Economists at Société Générale analyze the technical outlook.


Recent peak at $86/87 remains a key resistance zone

Daily MACD has started posting positive divergence however signals of trend reversal are not yet visible. Recent peak at $86/87 remains a key resistance zone.  


Shorter-term, Brent has experienced a steady bounce since last week and is now challenging the 50-DMA. It is approaching a multi-month descending trend line at $81. If ongoing rebound falters near this level, the downward momentum could regain. 


Break below $70 would confirm one more leg of downtrend; next potential objectives are located at December 2021 low of $65/63 and $57

风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

喜欢的话,赞赏支持一下
回复 0

暂无评论,立马抢沙发

  • tradingContest