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Analysis Market overview

BRENT overview 13.04.2021

Oil rises on positive China data. Oil continues to rise today after it was reported that China’s exports grew at a strong pace in March while import growth surged to the highest in four years. Crude oil imports into China jumped 21% in March as refiners ramped up operations. OPEC in its monthly report today […]

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Analysis Technical analysis

BRENT 13.04.2021

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 63.522-63.127 and it has a potential to reach the target zone №2 59.572-59.177. The best prices to try to have a short position are the control resistance zone 65.459-64.989. In case of the price is fixed upper the control […]

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Analysis Technical analysis

BRENT 06.04.2021

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 63.522-63.127 and it has a potential to reach the target zone №2 59.572-59.177. The best prices to try to have a short position are the control resistance zone 65.459-64.989. In case of the price is fixed upper the control […]

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Analysis Market overview

BRENT overview 02.04.2021

Oil rises amid positive economic news. Oil continues to rise today – reflecting the broad expectation for further demand growth as the soon to be released payrolls data is expected to show an increase in job creation and a lower unemployment rate for March in USA, as the world’s largest economy maintains a steady recovery […]

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Analysis Technical analysis

BRENT 30.03.2021

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 63.522-63.127 and it has a potential to reach the target zone №2 59.572-59.177. The best prices to try to have a short position are the control resistance zone 65.459-64.989. In case of the price is fixed upper the control […]

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Analysis Market overview

BRENT overview 26.03.2021

Oil rises on Suez blockage. Oil reversed the previous losses after the failed attempt to free up the Suez Canal and the mounting fears that it could take weeks to dislodge a giant container ship blocking the Suez Canal, which would disrupt the supplies of crude and refined products to Europe. The ship is blocking […]

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Analysis Technical analysis

BRENT 22.03.2021

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 63.522-63.127 and it has a potential to reach the target zone №2 59.572-59.177. The best prices to try to have a short position are the control resistance zone 65.636-65.241. In case of the price is fixed upper the control […]

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Analysis Market overview

BRENT overview 16.03.2021

Oil falls on rising stockpiles and demand concerns. Oil falling today as rising stockpiles in the United States jeopardize demand recovery after multiple countries including Germany and France halted COVID-19 vaccinations by AstraZeneca vaccine. This is adding to the concerns about a pace of vaccinations in the European Union, which may delay any economic recovery […]

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Analysis Technical analysis

BRENT 12.03.2021

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 69.799-69.439 and it is going to the target zone №2 73.399-73.039. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 67.472-67.112. In case of the […]

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Analysis Market overview

BRENT overview 10.03.2021

Oil rises on economic optimism. Oil under the bullish pressure today – continuing the persistent uptrend – supported by an OECD forecast for on global economic recovery and by OPEC+ oil output curbs. The global economy is set to rebound with 5.6% growth this year and expand 4% next year, the Organisation for Economic Cooperation […]