TODAY.AZ / Business

Azerbaijani analysts urge to be cautious when trading in oil futures

07 November 2018 [17:37] - TODAY.AZ

By  Trend

It is recommended to exercise caution when trading in oil futures, the Azerbaijani investment company InvestAZ said in its daily summary.

The analysts of the company said there is a decline in prices of the Brent oil to $70.5 per barrel on the hourly chart.

Thus, the analysts believe that if the price hits the level of $71.16 in a downward direction, the following decline targets will be $70.28 and $69.39.

The analysts say if in case of an alternative scenario the price hits $73.26 in an upward direction, the price will reach the targets of $74.1 and $74.94.


Print version

Views: 635

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: