Oil: Recovery in prices – BBH
|Analysts at BBH point out that after falling more than 10% in the previous two weeks, April crude recovered 4.3% last week.
Key Quotes
“It initially retested the previous week's low near $58 a barrel and climbed to almost $62.00 before the weekend. It stalled near the 50% retracement of the decline since the start of the month. The 61.8% retracement and the 20-day moving average comes in a little below $63.00. The Slow Stochastic is turning higher and the MACDs are poised to do so in the coming days.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.