BRENT CRUDE OIL BULLISH PREDICTIONS

2022년 4월 27일

Both WTI and BRENT Crude Oil benchmarks rose in price on Tuesday (26th of April) after China announced that it will support its economy in case of a lockdown and the fears of diminishing demand have been eased.

If the rally continues it will most likely test its previous high at 109.5, in the opposite scenario, the price might test its support at 99.3

MACD and RSI are showing a slow down of the bullish trend from the last few hours, but with eased lack of demand fears the price might return its momentum.

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