Brent/NZD

West Texas Intermediate (WTI) Crude Oil prices struggle to capitalize on the weekly gains registered over the past two days and oscillate in a narrow band during the Asian session on Thursday. The commodity currently trades around the $77.75-$77.80 region, nearly unchanged for the day and just below a one-week high touched on Wednesday, as traders remain on ...

In today’s technical spotlight, we turn our attention to Brent oil, a commodity that’s been in a holding pattern of late, but appears poised for a significant move. The current market scenario suggests an impending breakout, given the formation patterns observed. The price of oil is currently navigating through a pennant formation, delineated by two ...