Brent Breaks High, Global Supply Under Further Pressure
The global benchmark crude oil price, Brent, strengthened again in recent trading, reflecting market concerns about prolonged supply disruptions due to geopolitical conflicts in the Middle East. This movement emphasizes that the energy market remains fragile amid global uncertainty.
Oil prices at the time of this analysis were released were: $113.90
- Buy if the price moves below $115.75
- Sell if the price moves below $114.35
Resistance 2: $115.00
Resistance 1: $114.60
Support 1: $113.50
Support 2: $113.00
Caution: This article is analytical in nature and does not constitute definitive reference. Please consider the influence of fundamental and technical developments on trading before making any investment decisions.
Source: Newsmaker.id