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Analysis Market overview

BRENT overview 03.08.2021

Oil falls on fears for Delta spread. Oil under strong bearish pressure, continuing the yesterday’s losses – as trader focus has now fully shifted to the rapidly spreading Delta coronavirus variant. Concerns over the spread of Delta variant in the United States and China, the top oil consumers, is currently the primary factor affecting oil […]

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Analysis Technical analysis

BRENT 02.08.2021

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 74.525-74.283 and it is going to the target zone №2 77.033-76.783. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 73.021-72.771. In case of the […]

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Analysis Technical analysis

BRENT 23.07.2021

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 72.100-71.858 and it is going to the target zone №2 74.525-74.283. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 70.920-70.678. In case of the […]

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Analysis Market overview

BRENT overview 21.07.2021

Oil rises on improved risk appetite. Oil under the bullish pressure today extending gains from the previous session as improved risk appetite provided support despite data showing an unexpected rise in U.S. oil inventories last week and a weaker demand outlook due to rising COVID-19 infections. This reversal comes after the strong falls registered during […]

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Analysis Technical analysis

BRENT 16.07.2021

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 73.805-73.563 and it has a potential to reach the target zone №2 71.380-71.138. The best prices to try to have a short position are the control resistance zone 75.396-75.154. In case of the price is fixed upper the control […]

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Analysis Market overview

BRENT overview 15.07.2021

Oil falls on expected supply increase. Oil prices continuing to fall today, extending yesterday’s sharp losses as investors prepared for increased supplies after a compromise deal between leading OPEC producers. WTI and Brent fell more than 2% yesterday after it was reported that Saudi Arabia and the United Arab Emirates have reached a compromise that […]

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Analysis Market overview

BRENT overview 09.07.2021

Oil rises as U.S. inventories decline. Oil under the bullish pressure today as U.S. petroleum inventories have fallen below the pre-pandemic five-year average amid the oil consumption accelerating but crude producers being slow to respond to rising prices, signalling more supply is needed. This is fuelling the latest upward reversal in oil prices with demand […]

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Analysis Technical analysis

BRENT 08.07.2021

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 72.643-72.401 and it has a potential to reach the target zone №2 70.218-69.976. The best prices to try to have a short position are the control resistance zone 74.932-74.690. In case of the price is fixed upper the control […]

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Analysis Market overview

BRENT overview 30.06.2021

Oil rises on lower stockpiles in U.S. Oil under the bullish pressure today after the released data indicated U.S. crude stockpiles were shrinking and an OPEC report predicted an undersupplied market this year. Crude stocks in the United States were down by 8.2 million barrels, American Petroleum Institute data showed. Bullish pressure on oil intensified […]

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Analysis Technical analysis

BRENT 30.06.2021

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 74.442-74.200 and it is going to the target zone №2 76.867-76.625. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 73.289-73.047. In case of the […]