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Brent Oil Price Forecast & Predictions

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Brent OilBCO95.7455
-4.70%
Nov 9, 13:55 UTC
Open

Technical Outlook

FXEmpire analysts don’t currently publish price targets for this instrument. The signal below is generated from 22 technical indicators and updates through the trading day.
Overall Signal
Sell
11 Sell2 Neutral9 Buy
Brent Oil: Sell on the Daily timeframeSignal downgraded from Neutral on Thursday●Updated Nov 9, 09:44 UTC
Key levels today · based on daily pivot points
Nearest support92.6287
Price now95.7455
Next resistance96.9267
Weekly range
89.3017 – 111.642from current volatility

Seasonality

+1.5%
Jan
+4.4%
Feb
+1.6%
Mar
+3.4%
Apr
+1.6%
May
+1.3%
Jun
+1.6%
Jul
-1.2%
Aug
-0.6%
Sep
-0.3%
Oct
-3.6%
Nov
-0.6%
Dec
November averages -3.6% over the last 20 years
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