UK-BRENT-OIL 4H OUTLOOK
Goldman Sachs: reduces its forecast for oil prices in December 2023 from $95 to $86 for the following reasons:
1- Increasing oil supplies from Russia, Iran, and Venezuela.
2- The fear and anxiety of the world about recession and economic stagnation.
3- Continuing and insisting on raising interest.
BRENT OIL
the movement will be positive as long as the trade is above 77.18 for today to get 79.90 gradually
but stabilizing under 77.81 then will start the bearish to get 75.50
pivot price: 77.81
resistance price: 79.98 & 81.00 & 83.00
support price: 76..40 & 75.40 & 74.81
Brent oil will move between 77.81 and 79.95
tendency bullish
1- Increasing oil supplies from Russia, Iran, and Venezuela.
2- The fear and anxiety of the world about recession and economic stagnation.
3- Continuing and insisting on raising interest.
BRENT OIL
the movement will be positive as long as the trade is above 77.18 for today to get 79.90 gradually
but stabilizing under 77.81 then will start the bearish to get 75.50
pivot price: 77.81
resistance price: 79.98 & 81.00 & 83.00
support price: 76..40 & 75.40 & 74.81
Brent oil will move between 77.81 and 79.95
tendency bullish
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t.me/Srosh_signals
~6 analyses per day. With a clear entry point
more than 1000 pip per week —— Accuracy +88%
SM World and Economy News 24/7
Urgent News ⚡️:
t.me/SM_News_24h
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