In the present video, David Jones from Capital.com provides his forecast for Brent crude oil in October 2020. He talks about the recent moves of the commodity, the reasons behind them, and factors that will be affecting prices in the future. Next, he lists important support and resistance levels. He then turns to charts, trying to predict where prices may go next. David admits that it was hard to trade oil lately as prices were not moving far in either direction. But he risks placing a buy order in case prices will move lower, hoping that they will bounce back afterward.
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SOURCE: Commodity Blog – Read entire story here.