Pure Fuel and Oil Forecast: Costs Climb as U.S. Sanctions Gas Provide Fears…
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Brent crude is edging greater close to $68.06 after breaking out of a multi-week descending trendline and reclaiming key resistance at $67.23. Value is now difficult the higher boundary of the consolidation vary, with a possible run towards $69.45 and $70.86 if bulls keep management.
The 50 EMA at $66.54 is curling greater, whereas the 200 EMA at $67.23 has simply been reclaimed—a growth that hints at a bullish crossover within the making. The breakout from a textbook ascending triangle sample provides additional conviction to the upside case.
Fast help sits at $67.23, adopted by $65.61. If quantity holds up, the trail towards $72.27 appears to be like more and more believable.
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