Author archives: Edward Hutton

Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract) 18/1/21

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Morning Oil Report 18/1/21

Brent crude fell 30 cents, or 0.5%, to $54.79 a barrel by 0622 GMT, after dropping 2.3% on Friday. U.S. oil was down by 21 cents, or 0.4%, at $52.15 a barrel, having declined 2.3% in the previous trading session. “The Relative Strength Indexes (RSI’s) on both contracts were in overbought territory, indicating a correction …

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