SINGAPORE: Brent oil may break a resistance at $62.89 per barrel and rise towards $64.51.
The bounce from $60.27 may consist of three waves. So far, only two have unfolded.
The current wave c may travel to $64.51 or a level slightly higher.
Support is at $61.89, a break below which could cause a fall into $60.27-$61.05 range.
Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.
Comments
Comments are closed.