Brent Oil to regain downward momentum on a break below $70 – SocGen Oil Brent Technical Analysis Banks
Inability to overcome resistance zone of $79/81 could lead to extension in the downtrend
Inability to overcome the resistance zone of $79/81 representing the 50-DMA and a multi-month descending trend line could lead to extension in the downtrend. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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