(CercleFinance.com) – Strange scenario on Brent Oil which plunged in the morning by -4% in a few hours, to below $79.80 in London (below the recent low of 82.37E), despite the embargo on the Russian oil and OPEC+’s decision not to modify its current production targets: the crucial support of $84 (low on 09/26) is therefore pressed after a brief recovery attempt without a future (test of $87 on 1 /12).
The bearish alert is therefore validated and the barrel risks sliding towards $72, the ex-low of 20/12/2021, then 65E, the support of 20/08/2021.
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