Brent oil price rose over $3 on Wednesday on a partial profit taking after three-day fall (about 10% loss). The bounce was signaled by long-tailed Tuesday’s daily candle and a bear-trap under psychological $90 support, where larger bears faced increased headwinds. Recovery attempts were also boosted by fresh wave of pessimism after Iran’s officials said […]The post Brent Oil Price Bounces from Multi-Week Low on Partial Profit Taking / Worsening Geopolitical Situation appeared first on ActionForex.