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Brent (ICE) (Z3) Intraday: intraday support around 88.90.

2023-10-26
732

Pivot: 88.90

Our preference: long positions above 88.90 with targets at 90.35 & 91.20 in extension.

Alternative scenario: below 88.90 look for further downside with 88.00 & 86.65 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

92.45

91.20

90.35

89.43 Last

88.90

88.00

86.65

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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