Brent neutral

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

01 March 2022 347
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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.

This content is for informational purposes only and is not intended to be investing advice.

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