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Azerbaijani analysts urge to be cautious when trading in oil futures

Finance Materials 7 November 2018 13:47 (UTC +04:00)
It is recommended to exercise caution when trading in oil futures, the Azerbaijani investment company InvestAZ said in its daily summary.
Azerbaijani analysts urge to be cautious when trading in oil futures

Baku, Azerbaijan, Nov. 7

By Taleh Mursagulov – Trend:

It is recommended to exercise caution when trading in oil futures, the Azerbaijani investment company InvestAZ said in its daily summary.

The analysts of the company said there is a decline in prices of the Brent oil to $70.5 per barrel on the hourly chart.

Thus, the analysts believe that if the price hits the level of $71.16 in a downward direction, the following decline targets will be $70.28 and $69.39.

The analysts say if in case of an alternative scenario the price hits $73.26 in an upward direction, the price will reach the targets of $74.1 and $74.94.

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