Brent Oil Strengthens Amid Geopolitical Tensions
Brent prices surged again on Friday (November 7th), fueled by escalating geopolitical tensions in the Middle East, which have raised concerns about global supply disruptions. However, demand remains weak and global economic growth is slowing. (alg)
Brent oil price at the time of writing was $63.82
- Buy if the price moves within the $63.87 range
- Sell if the price moves within the $63.77 range
Resistance 2: $64.12
Resistance 1: $63.97
Support 1: $63.67
Support 2: $63.52
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id