Crude Oil Price Forecast – Crude Oil Continues to See Overhang
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The crude oil market is experiencing volatility, with resistance at the top of the range. Despite this, there are still opportunities for range-bound trading.
December 12, 2024 | 3:00 pm
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The United States Brent Oil Fund (BNO) may be affected by the current volatility in the crude oil market, as resistance levels create a challenging trading environment.
BNO, as an ETF tracking Brent crude oil prices, is directly impacted by the current market conditions. The resistance at the top of the range suggests limited upside potential, but range-bound trading opportunities may still exist.
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RELEVANCE 50