- Analytics
- News and Tools
- Market News
- Brent Oil to enjoy further gains towards $92.50, then $95.00/96.30 – SocGen
Brent Oil to enjoy further gains towards $92.50, then $95.00/96.30 – SocGen
Brent Oil has broken above the highs of 2018 and last October affirming the prevalence of upside momentum. Strategists at Société Générale expect Brent to extend its race higher towards next projections at $92.50 and $95.00/96.30.
Signals of pullback are still not visible
“Weekly MACD has developed negative divergence recently however signals of pullback are still not visible.”
“$85.00/84.70, the 23.6% retracement from December should be an important support near-term. Holding above this, the up move is likely to persist towards next projections at $92.50 and $95.00/96.30.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
