Brent Crude Oil has finally seen a concerted move higher. Economists at Credit Suisse analyze the technical outlook.
Trend can remain seen sideways whilst $87.49/$89.37 caps
Whilst capped at $87.49/$89.37, the core trend can remain seen sideways, with a break of support at $83.32/$82.36 seen needed to add weight to this view to mark a top at the upper end of this range.
A weekly close above $89.37 would see an important base established to suggest the core trend has turned bullish. We would then see resistance initially at the 38.2% retracement of the 2022/2023 downtrend at $96.48. Whilst we would look for this to cap at first, the ‘measured objective’ from the base would be seen set significantly higher and we would thus be alert to a break in due course for resistance next at $99.56, then the 50% retracement at $104.63.
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。
