A larger-than-expected drawdown in US crude inventories led to a bullish reversal in the Brent crude oil price while aluminium and silver prices slip.
A larger-than-expected drawdown in US crude inventories led to a bullish reversal in the Brent crude oil price while aluminium and silver prices slip.
Trading the trend: long Brent crude oil As the Brent crude oil front month futures price nears significant support we would like to go long with a stop loss at 80.45 and an upside target slightly below the 90.00 mark.
The Brent crude oil price slips further from its 2-month high as investors await Jerome Powell’s testimony. Gold price drops as aluminium price retains mildly bullish stance.
