Brent crude oil is again below the most important average values. Credit Suisse strategists expect further weakness here.

Only a solid move back above $93.78/$102.57 would improve the technical picture

“Brent Crude Oil is back below key averages and we expect further weakness towards the 50% retracement of the full 2020/2022 upleg at $77.56. If this level is also broken, we identify the next levels of support at $65.72, the December 2021 low, and then at $63.02, the 61.8% retracement,…

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