Brent oil edges higher in early Thursday’s trading after suffering heavy losses in past three days (only on Wednesday Brent lost over 9% of its value). Partial profit taking lifted the price from new multi-week low ($93.40) after a sharp fall was contained by significant technical supports provided by 50% retracement of $70.13/$117.43 rally / […]
The post Brent Oil – Bears Take a Breather After 15% Drop in Past Three Days, Broken $100 Level Reverts to Strong Resistance appeared first on ActionForex.
