Tue, Jan 20, 2026 05:40 GMT
More
    HomeContributorsTechnical AnalysisBrent Oil Could Buyers Take It Higher?

    Brent Oil Could Buyers Take It Higher?

    MultiBank Exchange Group
    By MultiBank Exchange Group

    Brent Oil rallied aggressively in the yesterday’s trading session and reached 53.03 static resistance again, which has paused the bullish momentum. Has decreased a little in the morning, but could breakout above the mentioned horizontal obstacle if will stay within the minor ascending channel.

    I want to remind you that another rejection followed by a drop below the downside line of the ascending channel will signal a broader towards the $49.00 per barrel.

    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.

    Latest Analysis

    Load more

    Learn Forex Trading

    ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

    Contact us: contact@actionforex.com

    © ActionForex.com © 2025 All rights reserved.