BRENT OIL: BREAK BELOW $70 COULD ACCELERATE DECLINE TO $65/63 – SOCGEN

avatar
· 閱讀量 58




Brent downtrend has stalled after forming an interim trough near $70 in March. Economists at Société Générale analyze Brent Crude Oil technical outlook.

$81 must be overcome to affirm a meaningful rebound

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


風險提示:本文所述僅代表作者個人觀點,不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證,對於基於該內容所採取的任何行為,不承擔任何責任,除非另有書面明確說明。

喜歡的話,讚賞支持一下
回覆 0

暫無評論,立馬搶沙發

  • tradingContest