Brent: oil is falling

Forex analytics: Current trendOn Thursday, the price of Brent crude oil significantly fell and moved away from local highs near the level of 46.35.However, oil remains under pressure amid excess of supply on the market and strengthening US dollar, which is growing prior to a possible interest rate hike in the US at the Fed’s December meeting.Support and resistanceBollinger Bands on the daily chart is ...