Brent Crude Oil keeps rallying and strategists at Credit Suisse stay biased higher for $59.82/60.00 initially before $71.75. Key quotes “Brent Crude maintains its weekly close above the $46.53 August high and we stay biased higher, with resistance seen next at our objective of the 78.6% retracement and February 2020 high at $59.82/60.00, which we expect to prove a tougher barrier.” “Should strength directly extend, this can expose the $71.75 high from last year. Next resistances could then be identified at $75.60 and $86.74, the crucial October 2018 high.” “Support is seen at $49.20 initially, below which can ease the immediate upside bias for a setback to the 63-day average at $46.98, but with fresh buyers expected here.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD struggles to capitalize on intraday bounce, up little around $1930-32 FX Street 2 years Brent Crude Oil keeps rallying and strategists at Credit Suisse stay biased higher for $59.82/60.00 initially before $71.75. Key quotes “Brent Crude maintains its weekly close above the $46.53 August high and we stay biased higher, with resistance seen next at our objective of the 78.6% retracement and February 2020 high at $59.82/60.00, which we expect to prove a tougher barrier.” “Should strength directly extend, this can expose the $71.75 high from last year. Next resistances could then be identified at $75.60 and $86.74, the crucial October 2018 high.” “Support is seen at $49.20 initially, below which can ease the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
