Brent Crude Oil Retest of $103 05 is not ruled out – SocGen Oil - Brent HEAD TOPICS

Brent Crude Oil Retest of $103 05 is not ruled out – SocGen

10/21/2022 10:57:00 AM

Brent Crude Oil Retest of $103 05 is not ruled out – SocGen #Oil #Brent #Banks

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Brent Crude Oil : Retest of $103/05 is not ruled out – SocGen Oil Brent Banks Brent defended the lower limit of a multi-month descending channel at $83 resulting in an impressive rebound. Strategists at Société Générale believe Recent pullback formed a higher trough as compared to $83.00“Recent pullback has formed a higher trough as compared to $83.00. Daily MACD is above its trigger and is about to enter positive territory denoting regain of upside momentum.” “Holding above $87.20, the 76.4% retracement of the bounce, Brent is likely to head higher towards $99 and perhaps even towards the descending trend line since March at $103/105. This could be an important resistance zone.”  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. Read more:
FXStreet News » Brent Crude Oil to suffer further weakness, potentially to the March 2021 low at $60.27 – Credit Suisse GBP/USD: Retest of 1.0550/1.0520 could follow failure to hold 1.0920 – SocGen Each Day Is a Potential Medical Emergency Due to My Invisible Disabilities—but I’m Still Empowered Editorial: We recommend Luke Warford for Railroad Commissioner

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Into America is a show about being Black in America. These stories explore what it means to hold truth to power and this country to its promises. Told by people who have the most at stake. Read more >> Brent Crude Oil to suffer further weakness, potentially to the March 2021 low at $60.27 – Credit Suisse Brent Crude Oil is back below key averages. Strategists at Credit Suisse expect further weakness from here. Only a solid rise back above $93.78/102.57 GBP/USD: Retest of 1.0550/1.0520 could follow failure to hold 1.0920 – SocGenIn the view of economists at Société Générale, the GBP/USD pair could suffer a substantil drop on a break under the 1.0920 mark. Break of the resistan Each Day Is a Potential Medical Emergency Due to My Invisible Disabilities—but I’m Still EmpoweredI Have to Live in a Bubble—and Each Day Is a Potential Medical Emergency—but I Am Still Empowered Editorial: We recommend Luke Warford for Railroad CommissionerWhile one lone voice of reason may not be enough to radically change oil and gas... could challenge the important $103/05 resistance zone.is back below key averages.could suffer a substantil drop on a break under the 1.project, a series of personal and informative stories that shed light on those with Invisible Disabilities in honor of Invisible Disabilities Week 2022 EDS is a connective tissue disorder that often goes hand in hand with MCAS.   Recent pullback formed a higher trough as compared to $83.00 “Recent pullback has formed a higher trough as compared to $83. Only a solid rise back above $93.00.1495/1. Daily MACD is above its trigger and is about to enter positive territory denoting regain of upside momentum.57 would improve the technical picture “Brent Crude Oil is back below key averages and we expect further weakness towards the 50% retracement of the whole 2020/2022 upmove at $77.”  “Holding above $87. And it was just in 2021 that I was diagnosed with EDS. 20, the 76. If this level would break as well, we then identify next support levels at $65.1550 is essential for extension in bounce.4% retracement of the bounce, Brent is likely to head higher towards $99 and perhaps even towards the descending trend line since March at $103/105. This could be an important resistance zone.02, the 61.”   Information on these pages contains forward-looking statements that involve risks and uncertainties.0920 gets violated, there could be a risk of next leg of downtrend towards 1. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. Nevertheless, below would open the door for the March 2021 low at $60. My fast heart rate and gastrointestinal symptoms were chalked up to panic attacks. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.” “Only a solid rise back above the crucial intersection of the 55 and 200-day averages, currently seen at $93.0350. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.57, would improve the technical picture again, which is not our base case. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. You should do your own thorough research before making any investment decisions. Over the years I had worked as a receptionist and a dental assistant but I couldn’t maintain regular hours, which was incredibly frustrating. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. The author will not be held responsible for information that is found at the end of links posted on this page. 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The author will not be held responsible for information that is found at the end of links posted on this page. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. FXStreet and the author do not provide personalized recommendations. . At one point, about 10 years ago, I essentially gave up.