30 November 2020 Commodity Analysis Brent Crude
30 November 2020 Commodity Analysis Brent Crude In the Thursday session of the past week, it was observed that the rising supply signals in addition to the gathering around the Dollar ended the rally caused by the developments in the Covid-19 vaccine, and it was observed that Crude fell from the peak of seven months.
In the closing session of the week, while vaccine optimism and weak outlook around the dollar continued to reflect positively on oil prices, it was observed that Brent Crude experienced an increase for the fourth week in a row during the OPEC + meeting to be held this week.
When we look at it from a technical perspective, it was observed that Brent Crude continued to be determinant at the level of 47.60 Dollars.
Support Points: 46.80 – 45.80 – 44.00
Resistance Points: 48.40 – 49.40 – 50.20