Brent Strengthens on Ukraine Uncertainty
Brent crude oil futures prices rose slightly in European trading as protracted Russia-Ukraine peace talks kept geopolitical risks high.
Meanwhile, market participants continued to monitor the outcome of Sunday's OPEC+ meeting for clues about potential production changes.
Oil price at the time of this analysis was $63.70
- Buy if the price moves within the $63.15 range
- Sell if the price moves within the $63.90 range
Resistance 2: $63.21
Resistance 1: $63.01
Support 1: $62.61
Support 2: $62.41
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