Bearish divergence on brent crude
Brent crude rally appears to be quite overdone, given that the fundamentals aren't particularly good.
IEA announced that Iran have almost reached pre-sanctions production levels, fuelling a glut further and quite outdoing the decreasing in production in the US.
$49 as a SL.
IEA announced that Iran have almost reached pre-sanctions production levels, fuelling a glut further and quite outdoing the decreasing in production in the US.
$49 as a SL.
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