Société Générale are targeting oil even lower<p>Société Générale on levels for Brent crude. </p><p>Soc Gen say that the price break down below the September low confirms "persistence in decline." SG say the next potential objectives are at </p><ul><li>US$79.20/$77.50, the 50% retracement of the whole uptrend since 2020 and projections of $73.00</li></ul><p>To the topside:</p><ul><li>the recent pivot high near US$86.80 is near-term resistance</li></ul><p>Hourly candles:</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Société Générale are targeting oil even lower (https://forexlive.com/news/socit-gnrale-are-targeting-oil-even-lower-20221128/https://forexlive.com/news/socit-gnrale-are-targeting-oil-even-lower-20221128/)
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