Brent crude oil analysis
Looking for a short opportunity because:
Weekly:
Price retested and is rejected 3 times by prior support turned into resistance.
Price rejected 61.8 fib level.
200 EMA crossing the 21 and 55 EMA.
Daily:
Price broke and retested an ascending triangle.
Bearish engulfing candle close on the retest.
Weekly:
Price retested and is rejected 3 times by prior support turned into resistance.
Price rejected 61.8 fib level.
200 EMA crossing the 21 and 55 EMA.
Daily:
Price broke and retested an ascending triangle.
Bearish engulfing candle close on the retest.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.