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HomeContributorsTechnical AnalysisBrent Oil Should Hit New Lows

Brent Oil Should Hit New Lows

MultiBank Exchange Group
By MultiBank Exchange Group

Brent is trading in the red after another failure to breakout above the 53.03 major static resistance. Is consolidating the latest gains, but he could decrease again in the upcoming days and could reach and retest the sliding line (SL) and the downside line of the minor ascending channel.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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