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Wednesday, June 17, 2020
Our Take on Crude Oil (Platts Dubai AUG-2020)
Plenty of upside space with supporting technical indicators and a similar forecast also made by BP. The overall momentum is an uptrend and technical indicators demonstrate $40 (EMA21W) as interim resistance. A break sustained above this level may trigger a bullish momentum.
Technically speaking, 42800 +/- 300 is proving to be a firmly held bottom but overall bears refuse to surface. The major trend remains side ...
The week started off with the COVID-19 Omicron variant washing global markets into deep red, causing the index to briefly hit its second ma...