Growth of Brent crude oil, ceased?!
HEY traders, what's going on today?!
Oil is down ahead of Biden's trip to Middle East , and it seems that want to be decreased more
Prices of crude oil futures decreased by over 2% on Tuesday as market participants assessed United States President Joe Biden's chances of negotiating an increase in oil production from OPEC countries during his trip to the Middle East later this week. so it seems the geopolitical situation shows the declining of the price of oil it the future.
Also the another coronavirus wave in Asia and global economic downturn concerns could threaten demand for crude.
and as we can BRN1! has been going all the way up from 16$ to 139$ , So now I thing it can correct now on the lower support zone in the mid-term , or according to bars pattern can follow the the rest candles .
news sources :teletrader.com
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Oil is down ahead of Biden's trip to Middle East , and it seems that want to be decreased more
Prices of crude oil futures decreased by over 2% on Tuesday as market participants assessed United States President Joe Biden's chances of negotiating an increase in oil production from OPEC countries during his trip to the Middle East later this week. so it seems the geopolitical situation shows the declining of the price of oil it the future.
Also the another coronavirus wave in Asia and global economic downturn concerns could threaten demand for crude.
and as we can BRN1! has been going all the way up from 16$ to 139$ , So now I thing it can correct now on the lower support zone in the mid-term , or according to bars pattern can follow the the rest candles .
news sources :teletrader.com
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
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