Hello,
I have prepared a review specifically for you on Brent crude oil. Currently, oil is in a price range where the movement of the asset can go either way, with equal possibilities for an upward movement towards the range of $100-120 or a downward movement towards the range of $50-40. The decision point for a downward movement would be the price staying below $70, and in that case, we can expect to buy the asset in the range of $40-50. On the other hand, if the asset rises to $80 and maintains that price level for 1-2 days, it would be a signal to buy with the goal of selling at $100-120.
I have prepared a review specifically for you on Brent crude oil. Currently, oil is in a price range where the movement of the asset can go either way, with equal possibilities for an upward movement towards the range of $100-120 or a downward movement towards the range of $50-40. The decision point for a downward movement would be the price staying below $70, and in that case, we can expect to buy the asset in the range of $40-50. On the other hand, if the asset rises to $80 and maintains that price level for 1-2 days, it would be a signal to buy with the goal of selling at $100-120.
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Penafian
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