$100 per barrel of oil! And this is only the start!

01 march 2022 72
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
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As expected, the three-month uptrend of oil is strong and today Brent trades at the round level: $100 per barrel.


And it looks like there are no stops in sight yet.


If in the nearest days the price consolidates above the Fibonacci retracement level of 61.8% or $99, then the next foreseeable target will be the level of $107 per barrel.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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