Brent Crude Strengthens, Energy Demand Optimism Rises
Brent Crude Oil prices rose on Thursday (November 6th) due to growing concerns about global supply, including potential disruptions to oil flows from the Middle East, while market sentiment grew more optimistic about economic recovery, which could boost energy demand. (alg)
Brent oil price at the time of writing was $63.90
- Buy if the price moves within $63.95
- Sell if the price moves within $63.85
Resistance 2: $64.20
Resistance 1: $64.05
Support 1: $63.75
Support 2: $63.60
Disclaimer:
This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions.
Source: Newsmaker.id