Category: Forex News, News
Brent crude price extends gains – Forecast today
US crude oil prices kept rising in intraday trading and successfully pierced the pivotal resistance of $68.00, boosted by trading above the 50-candle SMA, amid the dominance of the upward correctional trend in the short term, while the price moves alongside the trend line.
However, it’s important to note that the Stochastic has reached overbought levels, which could hinder upcoming gains and might force the price into a correction to gather positive momentum and vent off that overbought saturation.
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