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Brent downtrend has stalled after forming an interim trough near $70 in March. Economists at Société Générale analyze Brent Crude Oil technical outlook.
Daily MACD has started posting positive divergence however signals of trend reversal are not yet visible. Recent bounce has remained contained near the 50-DMA. Multi-month down sloping trend line at $81 must be overcome to affirm a meaningful rebound.
Once a break below $70 materializes, Brent 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。
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