Société Générale are targeting oil even lower

[forex4you]

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

forexlive.com