Created
: 2025.06.12
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Brent eyes $72 and $75.40 as next resistance levels - Société Générale
World FX news
Breaking news
Brent eyes $72 and $75.40 as next resistance levels - Société Générale
2025.06.12 19:40
2025.06.12 19:40
Brent crude is showing bullish continuation signals after confirming a double bottom and breaking above its consolidation range, with momentum indicators pointing toward further upside, Société Générale's FX analysts note, Société Générale's FX analysts note.
Technical breakout signals further upside potential
"Brent formed a double bottom near $58.40 recently and has overcome the upper limit of its base highlighting possibility of extension in up move. Daily MACD has crossed within positive territory highlighting prevalence of upward momentum."
"Next objectives could be located at the 200-DMA near $72 and April high of $75.40. Upper limit of recent range at $66.60/66.40 is a short-term support."
Last updated
: 2025.06.12
Related articles
WTI drops to near $66.50 due to renewed tariff threats, rising OPEC+ supply
2025.07.08 17:48Crude oil price today: WTI price bearish at European opening
2025.07.08 15:04WTI edges lower below $67.00 on stronger US Dollar, OPEC+ oversupply concerns
2025.07.08 09:07USD/CAD recovery extends to levels near 1.3700 boosted by risk aversion
2025.07.07 20:15OPEC+ set to agree another 550,000 bpd hike for September - Reuters
2025.07.07 18:39WTI recovers to near $65.50 as investors digest OPEC+ large Oil output increase
2025.07.07 16:16
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
RBA's Hauser: Enormous amount of uncertainty in global economy
Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said early Wednesday that there is an enormous amount of uncertainty in the global economy.
New
2025.07.09 08:53USD/CAD trades with mild gains above 1.3650 as Trump vows 50% tariff on copper
The USD/CAD pair trades with mild gains near 1.3665 during the early Asian session on Wednesday. The Canadian Dollar (CAD) softens against the Greenback after US President Donald Trump reignited concerns following tariffs on Japan and South Korea.
New
2025.07.09 08:16GBP/USD coils as investors await tariff clarity again
GBP/USD churned the charts near 1.3600 as the market grapples with inconsistent policy messaging on President Donald Trump's whipsaw tariff policies.
New
2025.07.09 08:14EUR/USD holds ground as EU spared from tariffs, Trump urges Fed cuts and delays deadline
EUR/USD registers minimal gains during the North American session as the US dollar erases some of its earlier gains, following US President Donald Trump's demand that the Federal Reserve cut interest rates, as he delays the July 9 deadline towards August 1.
New
2025.07.09 06:52RBNZ expected to keep interest rate on hold after six consecutive cuts
The Reserve Bank of New Zealand (RBNZ) is expected to keep the Official Cash Rate (OCR) steady at 3.25% following the conclusion of its July monetary policy meeting on Wednesday.
New
2025.07.09 06:15Canadian Dollar corkscrews as market sentiment roils on fresh tariff threats
The Canadian Dollar (CAD) struggled on Tuesday, briefly gaining ground against the US Dollar (USD). Risk-off flows returned to the forefront and kicked the Loonie back into the day's opening bids just below 1.3700.
New
2025.07.09 04:50AUD/USD rises after RBA holds rates, attention shifts to FOMC Minutes
The Australian Dollar (AUD) is strengthening against the US Dollar (USD) on Tuesday, following the Reserve Bank of Australia's (RBA) decision to hold the cash rate steady at 3.85%.
New
2025.07.09 04:44US Commerce Secretary Lutnick: 15-20 letters expected, copper tariffs by August
US Commerce Secretary Howard Lutnick revealed that another 15 to 20 letters are expected to be announced in the next two days, he said in a CNBC interview.
New
2025.07.09 04:11Forex Today: Focus shifts to the FOMC Minutes
The Greenback could not maintain its initial strong momentum, finishing the day with only a slight change from Monday's closing levels. Meanwhile, investors remained watchful of events on the trade front after President Trump reignited concerns following tariffs on Japan and south Korea.
New
2025.07.09 04:06NZD/USD flattens as risk sentiment sours ahead of RBNZ rate decision
The New Zealand Dollar (NZD) halts its gains against the US Dollar (USD) on Tuesday, as the Greenback strengthens following renewed tariff threats and an extension of the deadline for reciprocal tariffs.
New
2025.07.09 03:44Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
