Société Générale says Brent oil needs to reclaim $90 to solidify uptrend
A snippet on oil from Société Générale, looking at Brent: A falling wedge generally denotes receding downward momentum; this is also highlighted by daily MACD which held on to last July’s lows and has entered positive territory. However, reclaiming the upper limit of the wedge at $89/90 is essential to affirm an extended up-move towards […]