(CercleFinance.com) – After a brief test of $120 following this ‘confidence’ from Macron to Biden at the ‘G7’ affirming that neither Arabia nor the Emirates could open the tap wider (the barrel had jumped from +5%), the barrel of Brent fell back to below $109 during the session and ended around $111.
This does not change anything, the medium-term oblique support at $113.3 is clearly broken and if it were followed by a slide below $107, the next support would only appear around 102.2E (support on 04/26 and 05/10 ) then $99/98.5 (low on March 15 and 24, then April 25 intraday).
Copyright © 2022 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
