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Can “golden cross” save Brent bulls?
By ForexTime Brent’s 50-day SMA could soon cross above 200-day counterpart However, other forces may negate bullish “golden cross” signal Oil weighed down by risk of higher Venezuela/Iran supplies Oil dropped on technical pullback, deteriorating China economy Brent may yet return into sub-$80/bbl levels, while $88 offers strong resistance Brent’s 50-day simple moving average (SMA) […]...
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Posted: Aug 24 2023, 12:30
Author Name: investmacro
Views: 112573