Strategy
Brent $ spot - 14 September 2020
Strategy
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Published on 2020-09-14
A moderate bearish bias is applicable below 41.00. Technical score: 0
A bearish MACD crossover on the daily time frequency remains applicable. Downside price momentum halted, supporting a bullish trend direction. Limited downside target: 39.30.  Only a price action above 41.00 will reverse the bearish trend direction. Upside target for a break above 41.00 will be 42.05.
•	Oil prices were mixed on Monday with US crude rising as a tropical storm in the Gulf of Mexico forced rigs to shut down, but the gains were kept in check by wider concerns about excess supply and falling demand for fuels.