Technical analytics

Candlestick chart analysis of Brent


Brent slightly changed its positions yesterday and remained in a corrective phase. A weak buying interest helped buyers to retrace a small portion of their losses. They pushed the benchmark from 60.50 to the 61.50 region where they lost momentum. The EMA50 turned neutral, while the EMA100 and the EMA200 continued moving in the downward direction. MACD remained close to the zero line. The resistance resides at 61.50, the support comes in at 59.50.

We assume that oil prices will remain around 61.50 in the coming sessions.

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