Brent Crude – Oil steady today but momentum remains with the rally
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<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Oil prices are a little flat today after rallying another 5% last week. Brent hit a new high for 2023 in the process and, despite paring earlier gains today, there still appears to be plenty of momentum in the rally."}]}" data-slate-node="element"><strong>Brent rally cools after another strong week</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Oil prices are a little flat today after rallying another 5% last week. Brent hit a new high for 2023 in the process and, despite paring earlier gains today, there still appears to be plenty of momentum in the rally."}]}" data-slate-node="element"><strong>Tight market continues to support price</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Oil prices are a little flat today after rallying another 5% last week. Brent hit a new high for 2023 in the process and, despite paring earlier gains today, there still appears to be plenty of momentum in the rally."}]}" data-slate-node="element"><strong>No sign of technical divergence near $90 in Brent</strong></li>
</ul>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Oil prices are a little flat today after rallying another 5% last week. Brent hit a new high for 2023 in the process and, despite paring earlier gains today, there still appears to be plenty of momentum in the rally."}]}" data-slate-node="element"><span data-slate-node="text">Oil prices are a little flat today after rallying another 5% last week. Brent hit a new high for 2023 in the process and, despite paring earlier gains today, there still appears to be plenty of momentum in the rally.</span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"That there is still plenty of momentum so close to $90 a barrel may suggest we could see a strong push to break above which would represent a big shift in the market dynamic in quite a short period of time. "}]}" data-slate-node="element"><span data-slate-node="text">That there is still plenty of momentum so close to $90 a barrel may suggest we could see a strong push to break above which would represent a big shift in the market dynamic in quite a short period of time. </span></p>
<p class="_ParagraphElement_yyl4z_19" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can’t imagine they’ll be in any rush and risk sending the price tumbling again.</span></p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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"><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/giIRKCNtkOE?si=sBQPuQ4XydP3iuPL" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
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<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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"><strong>Can Brent break $90?</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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">From a technical perspective, the most striking thing is the MACD and stochastic, both of which are continuing to trend higher alongside price.</p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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"><strong>BCOUSD Daily</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-44.png" target="_blank" rel="noopener"><img loading="lazy" class="aligncenter wp-image-807353" src="https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-44-1024×412.png" alt="" width="621" height="250" srcset="https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-44-1024×412.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-44-300×121.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-44-768×309.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-44-1536×619.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-44.png 1793w" sizes="(max-width: 621px) 100vw, 621px" /></a></p>
<p style="text-align: right" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMk9pbCUyMHByaWNlcyUyMGFyZSUyMGElMjBsaXR0bGUlMjBmbGF0JTIwdG9kYXklMjBhZnRlciUyMHJhbGx5aW5nJTIwYW5vdGhlciUyMDUlMjUlMjBsYXN0JTIwd2Vlay4lMjBCcmVudCUyMGhpdCUyMGElMjBuZXclMjBoaWdoJTIwZm9yJTIwMjAyMyUyMGluJTIwdGhlJTIwcHJvY2VzcyUyMGFuZCUyQyUyMGRlc3BpdGUlMjBwYXJpbmclMjBlYXJsaWVyJTIwZ2FpbnMlMjB0b2RheSUyQyUyMHRoZXJlJTIwc3RpbGwlMjBhcHBlYXJzJTIwdG8lMjBiZSUyMHBsZW50eSUyMG9mJTIwbW9tZW50dW0lMjBpbiUyMHRoZSUyMHJhbGx5LiUyMiU3RCU1RCU3RCUyQyU3QiUyMnR5cGUlMjIlM0ElMjJwYXJhZ3JhcGglMjIlMkMlMjJjaGlsZHJlbiUyMiUzQSU1QiU3QiUyMnRleHQlMjIlM0ElMjJUaGF0JTIwdGhlcmUlMjBpcyUyMHN0aWxsJTIwcGxlbnR5JTIwb2YlMjBtb21lbnR1bSUyMHNvJTIwY2xvc2UlMjB0byUyMCUyNDkwJTIwYSUyMGJhcnJlbCUyMG1heSUyMHN1Z2dlc3QlMjB3ZSUyMGNvdWxkJTIwc2VlJTIwYSUyMHN0cm9uZyUyMHB1c2glMjB0byUyMGJyZWFrJTIwYWJvdmUlMjB3aGljaCUyMHdvdWxkJTIwcmVwcmVzZW50JTIwYSUyMGJpZyUyMHNoaWZ0JTIwaW4lMjB0aGUlMjBtYXJrZXQlMjBkeW5hbWljJTIwaW4lMjBxdWl0ZSUyMGElMjBzaG9ydCUyMHBlcmlvZCUyMG9mJTIwdGltZS4lMjAlMjIlN0QlNUQlN0QlMkMlN0IlMjJ0eXBlJTIyJTNBJTIycGFyYWdyYXBoJTIyJTJDJTIyY2hpbGRyZW4lMjIlM0ElNUIlN0IlMjJ0ZXh0JTIyJTNBJTIyU2F1ZGklMjBBcmFiaWElMjBhbmQlMjBSdXNzaWElMjBoYXZlJTIwYmVlbiUyMG1hbmFnaW5nJTIwYWRkaXRpb25hbCUyMHZvbHVudGFyeSUyMGN1dHMlMjBvbiUyMGElMjBtb250aGx5JTIwYmFzaXMlMjBhbmQlMjBjb3VsZCUyMHdpdGhkcmF3JTIwdGhlbSUyMGF0JTIwYW55JTIwcG9pbnQlMjBidXQlMjBJJTIwY2FuJ3QlMjBpbWFnaW5lJTIwdGhleSdsbCUyMGJlJTIwaW4lMjBhbnklMjBydXNoJTIwYW5kJTIwcmlzayUyMHNlbmRpbmclMjB0aGUlMjBwcmljZSUyMHR1bWJsaW5nJTIwYWdhaW4uJTIyJTdEJTVEJTdEJTVE">Source – OANDA on Trading View</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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">When approaching areas of resistance, divergences between price and these momentum indicators can indicate the trend is weakening but so far that isn’t clear.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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">Even on a lower timeframe chart, like the 4-hour, the last rally was matched with higher highs. So despite trading at the highest level this year and near $90, there is still plenty of momentum that could aid a powerful push against this resistance zone.</p>
<p style="text-align: center" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMk9pbCUyMHByaWNlcyUyMGFyZSUyMGElMjBsaXR0bGUlMjBmbGF0JTIwdG9kYXklMjBhZnRlciUyMHJhbGx5aW5nJTIwYW5vdGhlciUyMDUlMjUlMjBsYXN0JTIwd2Vlay4lMjBCcmVudCUyMGhpdCUyMGElMjBuZXclMjBoaWdoJTIwZm9yJTIwMjAyMyUyMGluJTIwdGhlJTIwcHJvY2VzcyUyMGFuZCUyQyUyMGRlc3BpdGUlMjBwYXJpbmclMjBlYXJsaWVyJTIwZ2FpbnMlMjB0b2RheSUyQyUyMHRoZXJlJTIwc3RpbGwlMjBhcHBlYXJzJTIwdG8lMjBiZSUyMHBsZW50eSUyMG9mJTIwbW9tZW50dW0lMjBpbiUyMHRoZSUyMHJhbGx5LiUyMiU3RCU1RCU3RCUyQyU3QiUyMnR5cGUlMjIlM0ElMjJwYXJhZ3JhcGglMjIlMkMlMjJjaGlsZHJlbiUyMiUzQSU1QiU3QiUyMnRleHQlMjIlM0ElMjJUaGF0JTIwdGhlcmUlMjBpcyUyMHN0aWxsJTIwcGxlbnR5JTIwb2YlMjBtb21lbnR1bSUyMHNvJTIwY2xvc2UlMjB0byUyMCUyNDkwJTIwYSUyMGJhcnJlbCUyMG1heSUyMHN1Z2dlc3QlMjB3ZSUyMGNvdWxkJTIwc2VlJTIwYSUyMHN0cm9uZyUyMHB1c2glMjB0byUyMGJyZWFrJTIwYWJvdmUlMjB3aGljaCUyMHdvdWxkJTIwcmVwcmVzZW50JTIwYSUyMGJpZyUyMHNoaWZ0JTIwaW4lMjB0aGUlMjBtYXJrZXQlMjBkeW5hbWljJTIwaW4lMjBxdWl0ZSUyMGElMjBzaG9ydCUyMHBlcmlvZCUyMG9mJTIwdGltZS4lMjAlMjIlN0QlNUQlN0QlMkMlN0IlMjJ0eXBlJTIyJTNBJTIycGFyYWdyYXBoJTIyJTJDJTIyY2hpbGRyZW4lMjIlM0ElNUIlN0IlMjJ0ZXh0JTIyJTNBJTIyU2F1ZGklMjBBcmFiaWElMjBhbmQlMjBSdXNzaWElMjBoYXZlJTIwYmVlbiUyMG1hbmFnaW5nJTIwYWRkaXRpb25hbCUyMHZvbHVudGFyeSUyMGN1dHMlMjBvbiUyMGElMjBtb250aGx5JTIwYmFzaXMlMjBhbmQlMjBjb3VsZCUyMHdpdGhkcmF3JTIwdGhlbSUyMGF0JTIwYW55JTIwcG9pbnQlMjBidXQlMjBJJTIwY2FuJ3QlMjBpbWFnaW5lJTIwdGhleSdsbCUyMGJlJTIwaW4lMjBhbnklMjBydXNoJTIwYW5kJTIwcmlzayUyMHNlbmRpbmclMjB0aGUlMjBwcmljZSUyMHR1bWJsaW5nJTIwYWdhaW4uJTIyJTdEJTVEJTdEJTVE"><strong>BCOUSD 4-Hour</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-30.png" target="_blank" rel="noopener"><img loading="lazy" class="aligncenter wp-image-807355" src="https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-30-1024×412.png" alt="" width="621" height="250" srcset="https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-30-1024×412.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-30-300×121.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-30-768×309.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-30-1536×619.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-04_17-05-30.png 1793w" sizes="(max-width: 621px) 100vw, 621px" /></a></p>
<p style="text-align: right" data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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">Source – OANDA on Trading View</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{"type":"paragraph","children":[{"text":"Saudi Arabia and Russia have been managing additional voluntary cuts on a monthly basis and could withdraw them at any point but I can't imagine they'll be in any rush and risk sending the price tumbling again."}]}" data-slate-node="element" data-slate-fragment="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">
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