Friday, October 12, 2018

WTi and Brent technically rebound

WTi and Brent technically rebounded

AT
crude oil futures on Wednesday WTI range
yesterday around the mark, in the narrow
range between 93.75 and 93.96 dollars per
barrel. a report released today by
US stocks. This data
determine how strong the demand for
Oil in the United States.


analysts
forecast support at 92.50
dollars per barrel, while the resistance -
at 94.45 per barrel.


Oil
Brent crude for delivery in
October strengthened by 0.27% and now stands
102.78 dollars per barrel. this rebound
the top can be considered technical, because
that there are no fundamental reasons for
higher prices upward is not observed: the market
oversupplied, and no
local conflicts do not affect the
uninterrupted supply from the Middle
East.



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