40,00 Level Stands Critical For BRENT OIL

29-Apr-2020 Wed
40,00 Level Stands Critical For BRENT OIL

Brent oil, which has broken a significant downward trend, maintains its upward trend, but the decline in global risk appetite limits the increases. The announcement that schools will be closed after new cases emerged in China pull down the indices. With these developments affecting the pricing, the level of 40,00 is quite important for Brent oil, which cannot exceed the critical resistance point. If this support point is exceeded downward, sales pressure may increase. The levels of 38.90-38.30 and 37.40 may come up at this point. 41,00 - 41,95 stand out as resistance points in the rises. Weekly stock data to be announced by the USA during the day will be monitored.  


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29-Apr-2020 Wed
40,00 Level Stands Critical For BRENT OIL

40,00 Level Stands Critical For BRENT OIL

Brent oil, which has broken a significant downward trend, maintains its upward trend, but the decline in global risk appetite limits the increases. The announcement that schools will be closed after new cases emerged in China pull down the indices. With these developments affecting the pricing, the level of 40,00 is quite important for Brent oil, which cannot exceed the critical resistance point. If this support point is exceeded downward, sales pressure may increase. The levels of 38.90-38.30 and 37.40 may come up at this point. 41,00 - 41,95 stand out as resistance points in the rises. Weekly stock data to be announced by the USA during the day will be monitored.  

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