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Brent (ICE) (M4) Intraday: the downside prevails.
2024-04-22
244
Pivot: 87.10
Our preference: short positions below 87.10 with targets at 85.20 & 84.60 in extension.
Alternative scenario: above 87.10 look for further upside with 87.85 & 88.50 as targets.
Comment: as long as the resistance at 87.10 is not surpassed, the risk of the break below 85.20 remains high.
Supports and resistances:
88.50
87.85
87.10
86.31 Last
85.20
84.60
84.00
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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