News

Brent Crude Consolidation Above 200 Day SMA

           News
news-pic-037

Brent Crude November contract dropped 0.77 cents to $113.85 a barrel. The current contract is due for rollover tomorrow. More liquid December delivery contract was also down.

The price action is still comfortably trading above significant support of 200 Day SMA. Current support on the downside is located at $112.79 followed by $112.10 and $111.72. Alternatively resistance on the upside is located at $114.95 followed by $117.95.

The spread between Brent , European Benchmark for crude and West Texas Intermediate Crude currently stands at $23.12.


Alfa Energy Group

Alfa Energy Group is an international energy, water, and sustainability consultant partner with 200 employees over 4 international locations. For over 25 years, Alfa has been servicing its clients’ needs through energy and water management, sustainability, and compliance consulting, and an intuitive ecosystem of user-driven energy, water, and carbon management software platforms. With coveted awards, an international industry-wide recognition, and clever simple solutions, today Alfa is partnering with clients to establish and deliver pivotal net zero strategies. Through smart energy management, the expertise and diligence of its people, transparent processes, and data management, Alfa continues to lead through its recognised gold standard of service delivery.