Markets
Brent oil may fall into $58.41-$59.12 range
- The deep drop on Tuesday confirms an extension of the downtrend towards the target zone, which is suggested by a falling channel.
SINGAPORE: Brent oil may break a support at $60.27 per barrel and fall into the $58.41-$59.12 range.
The deep drop on Tuesday confirms an extension of the downtrend towards the target zone, which is suggested by a falling channel.
A bounce from the current level may be limited to a resistance at $61.42. A further gain could end in the range of $62.13-$62.71.
Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
Comments
Comments are closed.