{"id":38269,"date":"2026-01-06T00:27:55","date_gmt":"2026-01-05T16:27:55","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/according-to-societe-generale-analysts-brent-crude-has-recovered-from-lows-around-58-40-yet-bearish-momentum-persists\/"},"modified":"2026-01-06T00:27:55","modified_gmt":"2026-01-05T16:27:55","slug":"according-to-societe-generale-analysts-brent-crude-has-recovered-from-lows-around-58-40-yet-bearish-momentum-persists","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-asia\/live-updates\/according-to-societe-generale-analysts-brent-crude-has-recovered-from-lows-around-58-40-yet-bearish-momentum-persists\/","title":{"rendered":"According to Soci\u00e9t\u00e9 G\u00e9n\u00e9rale analysts, Brent Crude has recovered from lows around $58.40, yet bearish momentum persists"},"content":{"rendered":"<p>The article also mentions various related currency movements and forecasts. EUR\/USD is recovering, reaching the 1.1700 mark after unfavourable US data. GBP\/USD rose past 1.3500 following weak US figures in December&#8217;s PMI, which decreased from 48.2 to 47.9, falling short of the expected 48.3.<\/p>\n<h3>Geopolitical Tensions and Commodity Prices<\/h3>\n<p>Geopolitical tensions have influenced commodity prices, such as Gold&#8217;s rise near $4,450, driven by US actions in Venezuela. Bitcoin is trading above its 50-day EMA, with support from ETF inflows. Other cryptocurrencies, including Ethereum and Ripple, are also experiencing growth amidst geopolitical issues, with Ripple climbing above $2.13. <\/p>\n<p>FXStreet provides market information solely for informational purposes, emphasising the necessity for independent research before making financial decisions. The organisation is not liable for any investment outcomes based on this information.<\/p>\n<p>We are watching Brent crude closely after it bounced from the $58.40 lows seen back in April and May of 2025. Downward momentum remains strong, with a key resistance ceiling forming around the $64 mark. Given the contracting US manufacturing PMI data from December, which fell to 47.9, any rally towards that resistance looks like a prime opportunity to initiate short positions or buy puts.<\/p>\n<h3>Market Opportunities and Risk Considerations<\/h3>\n<p>The US Dollar is on the back foot, a trend we expect to continue following the weak manufacturing data we saw just before the new year. That poor ISM reading suggests potential softness in the upcoming Non-Farm Payrolls report, which could further pressure the dollar. We see this as a chance to favor long positions in pairs like GBP\/USD, which is already pushing towards 1.3500.<\/p>\n<p>Geopolitical tensions stemming from the US intervention in Venezuela are dominating sentiment, creating a clear flight to safety. Gold&#8217;s surge toward $4,450 and Silver&#8217;s break above $75 are direct results of this uncertainty, a pattern we&#8217;ve seen before during major international crises. For the coming weeks, holding long positions in precious metals, perhaps using call options to define risk, seems prudent until the situation stabilizes.<\/p>\n<p>Cryptocurrencies are acting as a distinct asset class, seemingly detached from the broader risk-off mood. Bitcoin and other major coins are being driven by strong institutional demand, with net inflows into spot ETFs reportedly exceeding $500 million in the last week of 2025 alone. We should ride this momentum, as the market is clearly prioritizing adoption stories over the geopolitical headlines from Venezuela.<\/p>\n<p><b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a>\u00a0and\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a>\u00a0now. <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent rebounds amid bearish pressure; EUR\/USD, GBP\/USD rise; Gold, Bitcoin surge on geopolitical tensions.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59],"tags":[],"class_list":["post-38269","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/38269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/comments?post=38269"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/posts\/38269\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/media?parent=38269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/categories?post=38269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-asia\/wp-json\/wp\/v2\/tags?post=38269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}