Oil falls more than 1% as surging COVID-19 cases stoke demand fears…LIVE NEWS UPDATE BY MOONCOMMODITY.COM

CRUDE OIL HIGHLIGHT….

Oil prices fell on Monday, extending last week’s losses, as a jump in COVID-19 infections in the United States and Europe raised alarms over crude demand, while the prospect of increased supply also hurt sentiment.

Brent crude was down by 53 cents, or 1.3%, at $41.24 by 0052 GMT. U.S. West Texas Intermediate (WTI) dropped 53 cents, or 1.3%, to $39.32, having fallen more than a dollar shortly after the start of trading.

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26 OCTOBER 2020 SUPPORT & RESISTANCE BY MOONCOMMODITY.COM FOR MORE INFO C\W : 7017783799

SUPPORT & RESISTANCE….

Commodity                                Resistance                     Support
Gold                                               51131                              50467
Silver                                             63292                            61898
Crude Oil                                      3041                               2940
Natural Gas                                  225.6                             219.5
Nickel                                             1171.6                           1157.6
Copper                                            537                               524.8
Zinc                                                 206.3                           203.1

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