(CercleFinance.com) – The barrel of ‘Brent’ oil listed in London rebounded on contact with 85E and seems poised to lift the resistance of $84.8 on August 18.
As long as the $85.75 level has not been crossed, the risk of a bearish E/T/E type scenario below $87.4 cannot be completely ruled out.
The support at 82.9/83$ should ‘hold’ but correction in sight towards 78.2$ in the event of a break.
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