Brent: decline has resumed

Forex analytics: Since the opening of the trading day the price of crude oil Brent is declining. On the hourly chart the price has broken down the first support level of 34.35 (ЕМА50), which is ЕМА200 on the four-hour chart. Breakdown of support levels of 33.75 (ЕМА144) and 33.40 (ЕМА200 on the hourly chart) can trigger further decline in price. Consolidation below the level of 32.30 (local lows) will ...