Brent Crude Oil

BCOUSD- Oil outlook on 1st week of October

Now testing a decent support region, if sustaining 61.5-60.5 , a possible strong rebound might kick in next week towards 65-65.5 region. However, need to look into indices movement as well as most of them approaching crucial supports. If indices rebound next week, very likely we can see oil rebounding strongly as well. Vice versa.

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