Strifor || BRENT-13/12/2023
Preferred direction: BUY
Comment: Market participants could observe a significant intraday drop yesterday. As a result of such a collapse, today the instrument is trading near its annual lows. It should be noted that a significant recovery is not expected, but it is also unlikely that there will be another deep breakdown downward in order to update the same annual lows.
At the moment, most likely there will be a recovery to the level of 74, since the formed market sales are no longer capable of pushing the price down. The presence of a limit buyer prevents another collapse for now.
Thank you for like and share your views!
Comment: Market participants could observe a significant intraday drop yesterday. As a result of such a collapse, today the instrument is trading near its annual lows. It should be noted that a significant recovery is not expected, but it is also unlikely that there will be another deep breakdown downward in order to update the same annual lows.
At the moment, most likely there will be a recovery to the level of 74, since the formed market sales are no longer capable of pushing the price down. The presence of a limit buyer prevents another collapse for now.
Thank you for like and share your views!
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