Crude Rebounding Slightly


WTI Crude Daily timeframe price action rebounded slightly higher off last week’s lows. Support on the downside is located at 84.05 followed by 83.65. Alternatively if the current levels hold, the resistance on the upside is located at 87.54 followed by 88.71.

Brent Crude Oil for December delivery traded at 109.04 a barrel. The spread between US and European traded crude oil instruments currently stands at $23.33.

Alfa Energy Group

Alfa Energy Group, an Edison Energy company, is an international energy, sustainability and technology consultant partner with 250 employees over 3 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.