Brent Oil sitting on a Multi Decade support zone
Channel: GO Markets 
Date: 13/09/2022

Brent Crude oil has finally pulled back after its insane run that begun in February this year. The commodity has found support on a multi decade area of support as the market determines what to do next. With weaker forecasted demand and recessionary pressures building will the support level hold?

DISCLAIMER: Trading Forex and Derivatives carries a high level of risk, including the risk of losing substantially more than your initial expenditure. Also, you do not own or have any rights to the underlying assets. The effect of leverage is that both gains and losses are magnified. You should only trade Forex if you can afford to carry these risks. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Financial Services Guide (FSG), Product Disclosure Statement (PDS) and Product Information Document (Physical Bullion only) are available to download at www.gomarkets.com.au . Any advice provided to you by our representatives is general advice only, and does not take into account your objectives, financial situation or needs. You should therefore consider the appropriateness of our advice before making any decision about using our services. You should also consider our PDS and Product Information Document (Physical Bullion only) before making any decision about using our products or services. The GO Markets AFSL authorises us to provide financial services to people in Australia. However, GO Markets complies with the obligations arising from our AFSL in respect of the financial services provided to all of our clients, including those who reside outside of Australia. AFSL 254963. ABN 85 081 864 039. ACN 081 864 039.