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Does Brent have $85 in sight this week?
On Friday Brent crude set its highest weekly close of the year so far. Brent rose to a high at $83.66 and later settled, $0.61 higher on the NYMEX exchange, at $83.47. Looking at the daily chart on this, the price action and close on Friday suggests there is more potential upside. That is not to say it will be realised of course and much will depend on the news this, as to whether or not it can push to test the highs seen on January 29, when it reached $84.17 and beyond, towards or above $85 per barrel. So far today that is not happening though, as Brent drops back below $83 in Asian trading. The low seen earlier today was set at $82.65, down from a session high at $83.35. It is just now trading at $82.92
Market News
All News-
A note about Quick News updates this afternoon as the DAX rejects first attempt at 22k
Earlier an update here noted the surge in the DAX and the prospect, or possibility that it might test the 22k handle. Well, in the event it stalled... -
Is Tump playing the fool or just playing the markets? Dow Jones futures eyeing yet more gains
Before we get to the crux of this update let it be stated; that no one is being accused of anything and this is just a conscientious observers take on... -
US PMI data could be telling this afternoon- S+P 500 close to session highs
So, we have had a whole host of PMI data from Europe this morning and later this afternoon, at 1.45pm GMT we will get the equivalent data from the US...
