Brent oil – Minor pull back likely
Brent’s failure at the rising trend line coming from Aug 3 low-Aug 11 low on Thursday followed by a retreat to $47.15 coupled with a bearish break in the hourly RSI suggests prices could retreat further towards $46.26 before resuming the uptrend.
Fresh buying is seen only above $47.72 levels.
Fresh buying is seen only above $47.72 levels.
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