Crude Oil Price Forecast: Can Momentum Be Sustained Above Key Moving Averages?
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Crude oil prices are testing resistance levels with potential for a breakout if support at $71.58 holds. This could impact oil-related ETFs like BNO.
November 05, 2024 | 10:00 pm
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The United States Brent Oil Fund (BNO) may see price movements as crude oil tests resistance levels, with potential for a breakout if support at $71.58 holds.
BNO, an ETF that tracks Brent crude oil prices, is likely to be affected by changes in crude oil prices. The article suggests a potential breakout if support holds, which could lead to an increase in BNO's price.
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