They only work at 83.10% of their capacities against nearly 95% at the beginning of September. Energy demand remains solid: the United States consumed an average of 21.10 million barrels per day, up + 5.40%. And the Sino-US trade deal, being signed, should remove a drag on global growth.
Graphically, oil builds a rebound since the third major support test at $ 56.48. Prices are troughs and have just crossed the 200-period moving average. This sign of strength should allow acceleration and the formation of a new ascending peak close to resistance at $ 61.92.
A close under the last trough of $ 58 would delay this anticipation.
Follow the evolution of oil Brent Crude with IG.
Source link
https://www.ig.com/fr-ch/marche-actualites-et-idees-de-trading/idee-de-trading-petrole-brut-brent-191018
Dmca
