Search





Search





NewsCommodities

Brent: Next objectives are located at $65.50/64.70 and $63 – Societe Generale

FXStreetApr 4, 2025 11:40 AM

View all comments（0）



Brent has pulled back after facing strong resistance around the 200-DMA ($76) recently, Societe Generale's FX analysts report.

Brent to reach $63 in the near term

"It is fast approaching last September/March lows at $68.70/68.10, which is also a trend line connecting troughs of March 2023/September 2024. This remains a crucial support. It will be interesting to see if Brent can form a base near this zone and attempt a bounce."

"Failure defend it may result in an extended downtrend. Next objectives could be located at projections of $65.50/64.70 and $63."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Like

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Loading...

Recommended Articles

Nike: Just Bounce It — Shares Hit 12-Year Low, Will the Market Jump the Gun?

An in-depth analysis of Nike (NKE) stock: Shares once hit a 12-year low—can the company achieve a turnaround by FY2027? This report breaks down inventory turnover, DTC channels, new Sportswear products, the Chinese market, margin recovery, and valuation to assess whether the current upside potential outweighs downside risk.

Oil Price Forecast: Will Brent Continue to Rise After Topping $90 as US-Iran Conflict Escalates Again?

TradingKey - Direct clashes between the United States and Iran erupted again after more than a month, rapidly escalating shipping risks in the Strait of Hormuz. During the Asian trading session on August 31, Brent crude (UKOIL) prices rebounded above $90, while WTI crude (USOIL) rose to $86 per barrel.

Crypto Markets Fall Across the Board as Bitcoin Drops Below $78,000

The crypto market triggered a wave of sell-offs, with Bitcoin plunging below the key $78,000 mark and altcoins broadly following suit.

Which Magnificent Seven Stock Looks Best for Next Week? GOOGL Leads NVDA and MSFT

TradingKey - Alphabet leads the Magnificent Seven ranking as Nvidia posts 106% growth. Here is what investors should watch across Big Tech in the week beginning August 31.

The Week Ahead: August Nonfarm Payrolls Data Incoming, Broadcom, Dell, Palo Alto Earnings Set for Release

TradingKey - In the coming week (August 31 to September 4), market focus will gradually shift to the August non-farm payrolls report. As the final monthly employment report before the September FOMC meeting, the non-farm data will serve as a crucial basis for assessing U.S. labor market conditions and the Federal Reserve's policy path in September.

Featured Tools

marketing_marketsTitle

calendar_economicCalendar

Economic Calendar

search.intelligent.strategy

article_asider_weekly_report

link

Best AI Stocks After Nvidia Earnings: NVDA, AMD, Broadcom, Marvell or Arm?

Which Magnificent Seven Stock Looks Best for Next Week? GOOGL Leads NVDA and MSFT

Nike: Just Bounce It — Shares Hit 12-Year Low, Will the Market Jump the Gun?

The Week Ahead: August Nonfarm Payrolls Data Incoming, Broadcom, Dell, Palo Alto Earnings Set for Release

Crypto Markets Fall Across the Board as Bitcoin Drops Below $78,000