Brent oil price technical analysis forecast Crude oil prices climbed above 53 $ late last month, a bullish signal, also Brent traded above 62$ and reaching to major resistanceJust a few of months ago, analysts and investment banks slashed their oil price forecasts as OPEC’s production cuts drew down the global oil oversupply slower than initially expected, and rising U.S.…
crude oil technical analysis forecast Oil shows signs of inability to cope with price levels of over $ 53, what the next step Choppy trading pattern in WTI crude oil, which has lasted 14 months. As we hit another peak, the risk/reward favor is a move back down, unless we break out above $53. The ability of the industry to…
crude oil technical analysis forecast Oil shows signs of inability to cope with price levels of over $ 50, what the next step Choppy trading pattern in WTI crude oil, which has lasted 14 months. As we hit Another peak, the risk/reward favor is a move back down, unless we break out Above $53.OPEC is struggling to balance the oil…
Crude Oil Prices Forecast Analysis Update Crude oil technical analysis Will the history repeat itself ….. well if you ask me the answer will be yes !We saw today almost 7% move in crude oil price, OPEC agrees first oil output cuts since 2008, an agreement was in line with an accord reached in Algiers in September. OPEC member Algeria…