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Trade Of The Week: Oil surges on Middle East tensions
Brent initially soared more than 5%, recovering a chunk of last week's hefty losses on fears that Hama’s surprise attack on Israel may deepen tensions across the Middle East.
Crude oil prices broke through the $83 resistance level which held for 184 trading days to close at $84.25 on 9th August 2023, and since then have declined back towards the $79 support level at the time of writing.
Brent initially soared more than 5%, recovering a chunk of last week's hefty losses on fears that Hama’s surprise attack on Israel may deepen tensio...
Crude oil prices broke through the $83 resistance level which held for 184 trading days to close at $84.25 on 9th August 2023, and since then have dec...
Crude
Oil
SMA
Technical Analysis
China
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