Reply to thread

Message

[QUOTE="Vlad RF, post: 242029, member: 61796"]
[B][SIZE=5]Brent prices consolidated above 70.00 USD[/SIZE][/B]

Brent prices show moderate growth, returning to the area above 70.00 USD after the release of the US inflation and oil inventories statistics. Find more details in our Brent analysis for today, 13 March 2025.

[B]Brent technical analysis[/B]

Brent quotes are undergoing an upward correction, having consolidated above the psychologically important level of 70.00 USD. The Alligator indicator reversed upwards on the H4 chart, confirming the upward momentum. If quotes rise above the 71.00 USD resistance level, a Double Bottom bullish reversal pattern will form, with an upside target at 73.00 USD.

[ATTACH type="full"]31653[/ATTACH]

Oil prices rose above 70.00 USD amid easing inflation in the US.

Read more - [url=https://roboforex.com/beginners/analytics/forex-forecast/commodities/brent-oil-forecast-2025-03-13/?utm_source=earnforex.com&utm_medium=listing&utm_campaign=rf_en_analytics&utm_content=externalforums+text]Brent Forecast[/url]

[B][I]Attention![/I][/B]
[I]Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.[/I]

[B]Sincerely,
The RoboForex Team[/B]
[/QUOTE]

Verification