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Brent Right Below Next Upside Target

MultiBank Exchange Group
By MultiBank Exchange Group

Brent is trading right above the 52.50 level and was almost to reach the 53.03 major static resistance in the morning, but the sellers have stepped in and have forced it to slip below the 52.66 Friday’s high. Is still expected to approach and reach the 53.03 and the 61.8% retracement level, where he may fid resistance again.

MultiBank Exchange Group
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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