BRENT - YET FOR A STRONG DEMAND
WEEKLY
Oil is yet to be broken out from its major downtrend, Though Brent is retesting its weekly EMA200 with a slight price rejection
No projection here on where the Brent will go. As news on OPEC is still going strong but no real demand of Brent yet !
If we see a price rejection, Brent might fall and retest Fib Retracement on 0.78 points
Watching this closely if Brent is able to sustain the Psychological 50usd support
Oil is yet to be broken out from its major downtrend, Though Brent is retesting its weekly EMA200 with a slight price rejection
No projection here on where the Brent will go. As news on OPEC is still going strong but no real demand of Brent yet !
If we see a price rejection, Brent might fall and retest Fib Retracement on 0.78 points
Watching this closely if Brent is able to sustain the Psychological 50usd support
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