Sat, Feb 07, 2026 19:25 GMT
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    Brent Oil Rejected Again

    Brent Oil slips lower after another failure to close above the 53.03 major static resistance. A USD/CAD further increase will send the rate much below the $51.00 per barrel.

    Technically is somehow expected to decrease after the false breakout above the upside line of the minor ascending channel, could be attracted by the confluence between the SL with the downside line of the minor ascending channel if the US data will impress.

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    MultiBank Exchange Grouphttp://www.mexgroup.com
    Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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