Commodity markets continue to improve strongly, with the Brent Crude Oil set to test its main resistance from the April highs, according to strategists at Credit Suisse. Key quotes “We look for a challenge on the Brent Crude Oil major resistance from the April highs at $36.00.” “With the 38.2% retracement of the entire Q1 collapse not far above at $37.28, our view has been for this to cap and define the top of what we think may be a significant long-term sideways range.” “Above $37.28 would be seen marking a significant break to the upside, potentially for broader risk assets as well, with resistance then seen next at the large price gap from March, starting at $39.70 and stretching up to $45.50.” 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 EUR/GBP Price Analysis: Slides to session low near 0.8900 mark, downside seems limited FX Street 2 years Commodity markets continue to improve strongly, with the Brent Crude Oil set to test its main resistance from the April highs, according to strategists at Credit Suisse. Key quotes “We look for a challenge on the Brent Crude Oil major resistance from the April highs at $36.00.” “With the 38.2% retracement of the entire Q1 collapse not far above at $37.28, our view has been for this to cap and define the top of what we think may be a significant long-term sideways range.” “Above $37.28 would be seen marking a significant break to the upside, potentially for broader risk… 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.
