{"id":6493,"date":"2023-10-12T11:34:07","date_gmt":"2023-10-12T03:34:07","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=5133"},"modified":"2023-10-12T11:34:07","modified_gmt":"2023-10-12T03:34:07","slug":"focus-on-brent-oil-today-12th-october-2023","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/fr\/focus-on-brent-oil-today-12th-october-2023\/","title":{"rendered":"Focus on Brent Oil Today \u2013 12th October 2023\u00a0"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><time datetime=\"2023-10-12T11:34:07+00:00\"><a href=\"https:\/\/www.umtradings.com\/fr\/focus-on-brent-oil-today-12th-october-2023\/\">October 12, 2023<\/a><\/time><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Comprehensive Brent Oil Analysis for October 12, 2023<\/strong><\/h1>\n\n\n\n<p class=\"has-medium-font-size\">In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 12th October 2023.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways&nbsp;<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong><a href=\"https:\/\/www.thesundaily.my\/business\/dovish-fed-officials-comments-boost-wall-street-FG11606993\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Dovish speeches in Detailed\">Dovish speeches<\/a><\/strong> : Federal Reserve Board Governor Waller and Atlanta Fed President Bostic have continued their recent dovish stances. The market is betting that the probability of raising interest rates in November is less than 9%.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong><a href=\"https:\/\/www.reuters.com\/business\/energy\/russias-putin-says-opec-coordination-continue-2023-10-11\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Read more about the news here\">The reduction agreement may be extended<\/a><\/strong>: Putin said that the OPEC+ (production reduction) agreement is likely to be extended, and further measures may be taken next year to stabilize the market.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong><a href=\"https:\/\/www.hellenicshippingnews.com\/u-s-crude-oil-inventories-up-last-week-api-16\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Weekly API Inventories Surge News\">API inventories surge<\/a><\/strong>: U.S. API crude oil inventories increased by nearly 13 million barrels last week, the largest increase since January. As supply concerns subside and API crude oil inventories increase significantly, U.S. and Brent oil prices fell in the short term.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Technical Analysis&nbsp;In Brent Oil Trading Chart<\/strong><\/h2>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>Brent Oil Daily Chart Insights<\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/10\/1012-a-1.png\" alt=\"Brent Oil Daily Chart Insights by Ultima Markets MT4\n\" class=\"wp-image-5136\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong>Stochastic Oscillator<\/strong>: The indicator has a downward trend today, but it has not yet clearly formed a \u201cdead cross\u201d. We need to wait for confirmation of today&#8217;s oil price trend.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Price Action<\/strong>:&nbsp; The price gap below is a common potential support price. The market will have a certain probability of rebounding and rising.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Moving average<\/strong>: The price that jumped in the early stage fell after being blocked by the 33-day moving average, and the first target below is the 240-day moving average. This price overlaps with the price gap, so the decline today is temporarily judged as an adjustment.&nbsp; On the contrary, only after falling below the low price of October 6 can it be confirmed that crude oil prices will continue to follow a long-term short trend.<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>Brent Oil 1-Hour Chart Analysis<\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/10\/1012-b-1.png\" alt=\"Brent Oil 1-Hour Chart Analysis\" class=\"wp-image-5137\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong>Fibonacci price<\/strong>: Temporarily judge that the current downward trend is the adjustment structure of the previous upward trend. It can be seen from the Fibonacci retracement line (black) and Fibonacci extension level (red) that it has reached 61.8. % callback and 100% proportional expansion position, the market has a certain probability of support. If it continues to break down, the market will look toward the 78.6% correction and 138.2% proportional expansion.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Stochastic Oscillator<\/strong>: The indicator went down again during today&#8217;s Asian trading session. Wait for the \u201cgolden cross\u201d to appear in the oversold area to confirm the arrival of the bull trend.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>Brent Oil Pivot Indicator<\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/fr\/wp-content\/uploads\/sites\/15\/2023\/10\/1012-c-1.png\" alt=\"Brent Oil Pivot Indicator Chart in Ultima Markets MT4\" class=\"wp-image-5138\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-medium-font-size\">According to the pivot indicator in Ultima Markets MT4, the central price of the day is established at 87.055,&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong>Bullish Scenario<\/strong>: Bullish sentiment prevails above 87.055, first target is 87.978, second target is 89.880.&nbsp;<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Bearish Outlook<\/strong>: In a bearish scenario below 87.055, first target 85.152, second target 84.229.&nbsp;<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion\u00a0for Brent Oil Analysis<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size\">To navigate the complex world of trading successfully, it&#8217;s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey.&nbsp;<\/p>\n\n\n\n<p class=\"has-medium-font-size\">For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<a class=\"gb-button gb-button-6f95b612 gb-button-text\" href=\"https:\/\/www.umtradings.com\/about-us\/contact-us\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Contact Ultima Markets<\/strong><\/a>\n<\/div><\/div>\n<\/div>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets.&nbsp;<\/p>\n\n\n\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<a class=\"gb-button gb-button-57a6c27d gb-button-text\" href=\"https:\/\/www.umtradings.com\/accounts\/open-live-account\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Open A Trading Account With Ultima Markets<\/strong><\/a>\n<\/div>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<p class=\"has-medium-font-size\">Stay tuned for more updates and analyses from our team of experts at Ultima Markets.&nbsp;<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-small-font-size\"><em><strong>Legal Documents<\/strong>&nbsp;<\/em><\/h2>\n\n\n\n<p class=\"has-small-font-size\"><em>Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission &#8220;FSC&#8221; of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.<\/em>&nbsp;<\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong><em>Disclaimer<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size\"><em>Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.\u202f<\/em>&nbsp;<\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>Copyright \u00a9 2023 Ultima Markets Ltd. All rights reserved.<\/strong>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive Brent Oil Analysis for October 12, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 12th October 2023.&nbsp; Key Takeaways&nbsp; Technical Analysis&nbsp;In Brent Oil Trading Chart Brent Oil Daily Chart Insights Brent Oil 1-Hour Chart Analysis Brent Oil Pivot Indicator According to the pivot indicator [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":5157,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17,22],"tags":[47],"class_list":["post-6493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-technical-analysis","tag-brent-oil"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/posts\/6493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/comments?post=6493"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/posts\/6493\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/media?parent=6493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/categories?post=6493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/fr\/wp-json\/wp\/v2\/tags?post=6493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}