Short
Brent oil udergoes trend transition term
We are now in the trend transition term. The bull is still strong, but bear is growing. The MACD goes bearish cross but price is still above SMA(12). I am still waiting confirmation for going bearish.
Target 1: 63.8
If 63 breaks,
Target 2: 60.29
Target 1: 63.8
If 63 breaks,
Target 2: 60.29
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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.