Russia-Ukraine Talks Fail. Brent Rises Again
Oil prices rose on Wednesday, reversing earlier declines, as investors believe Russia-Ukraine peace talks are unlikely to lead to the lifting of sanctions on Russian crude.
Russia and the US failed to reach a compromise on a possible peace deal for Ukraine after a five-hour meeting between Russian President Vladimir Putin and US President Donald Trump's top envoy.
The oil price at the time of this analysis was $63.06
- Buy if the price moves within the $62.96 range
- Sell if the price moves within the $63.15 range
Resistance 2: $63.46
Resistance 1: $63.26
Support 1: $62.86
Support 2: $62.66
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